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Trading news
1 Apr 2013
Forex Flash: BoJ to ease aggressively next April 04 meeting – UBS
FXstreet.com (Barcelona) - “At the April 3-4 meeting we expect the central bank will aggressively ease monetary policy and help USDJPY push into a higher 95-100 range,” says Mansoor Mohi-uddin Head of Foreign Exchange Strategy at UBS Macro Research.
“We think Kuroda will push now for the central bank to start raising its quantitative easing sharply,” adds Mansoor, adding: “The new governor has consistently said policymakers should meet market expectations. He's also repeated his view that the BoJ must hits its new 2% inflation target within the next two years. Last, the government will be keen for the Nikkei to keep rising before the upper house Diet elections in July,” the analyst concludes.
“We think Kuroda will push now for the central bank to start raising its quantitative easing sharply,” adds Mansoor, adding: “The new governor has consistently said policymakers should meet market expectations. He's also repeated his view that the BoJ must hits its new 2% inflation target within the next two years. Last, the government will be keen for the Nikkei to keep rising before the upper house Diet elections in July,” the analyst concludes.