New stimulus from the Bank of Japan | 15 June 2021

15 June 2021, USD/JPY

New stimulus from the Bank of Japan

USDJPY trading plan:

The Bank of Japan is likely to extend a September deadline for its pandemic-relief programme at this week’s policy meeting, former BOJ board member Makoto Sakurai said. In a policy review in March, the BOJ clarified that it would allow 10-year JGB yields to move 50 basis points around its 0% target in the hope of boosting market trading. But trading volume in the JGB market dwindled to a near-two-decade low in May, prompting some calls for the BOJ to take more steps to revitalise the market such as trimming its bond purchases. This is a negative signal for the Japanese yen.

Investment idea: buy 109.90 and take profit 110.30.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus