The BoJ will consider extending its QE | 19 May 2021

USDJPY trading plan:

The Bank of Japan will consider extending its pandemic-relief programme beyond the current September deadline if necessary, Governor Haruhiko Kuroda said as the country struggles with a spike in COVID-19 infections that is crippling the economy. Kuroda said the world’s third-largest economy remains on a path toward recovery as robust exports and corporate profits offset some of the pandemic’s damage to consumption. «Taken into account the impact of the pandemic, we will consider extending further» the deadline for the BOJ’s measures to ease corporate funding strains caused by the crisis, he said.

Investment idea: buy 108.82 and take profit 109.25.