BoJ will keep its monetary policy unchanged on Tuesday - ANZ

Dhwani Mehta FXStreet

Analysts at ANZ published their thoughts on what to expect from Tuesday’s Bank of Japan (BoJ) monetary policy decision and its impact on the USD/JPY pair.

Key Quotes:

“Speculation about policy tightening from the Bank of Japan has gained momentum; especially, since it reduced its purchases earlier this month.

However, we think that cutback was merely a reaction to the recent flattening of the super-long JGB yield curve. As such, we think the BoJ will keep its monetary policy unchanged at its next meeting and reiterate its commitment to the yield curve control.

This could take pressure off USD/JPY.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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