The normalising ultra-easy policy | 29 Diciembre 2022

USDJPY trading plan:

The Bank of Japan's decision to raise its bond-yield ceiling could be the first step toward normalising ultra-easy policy, Takatoshi Ito, a Columbia University professor who is close to BOJ Governor Haruhiko Kuroda. "Kuroda is correct on this technical point. But the tweak to the YCC could still be the first step toward monetary-policy normalization," Ito said. There was good reason to believe the BOJ's projection that inflation will slow back below its 2% target next year could prove wrong, said Ito, whom some analysts see as a potential candidate to become BOJ governor when Kuroda's term ends in April.

Investment idea: range 133.35 - 134.55