8 Apr 2015
USD/JPY subject to BoJ coming up - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered their expectations for the up and coming BoJ today.
Key Quotes:
"We expect the BoJ to hold the line (a widely held view) despite growing creeping concerns about deflation."
"While inflation should continue to ease through mid-year, survey-based measures of inflation expectations remain somewhat elevated."
"And though it looks increasingly likely that Q1 growth will be quite disappointing, business sentiment remains supportive."
"Unchanged policy from the BoJ may nudge USD/JPY slightly lower within the current range, sustaining the broader consolidation theme here."
Key Quotes:
"We expect the BoJ to hold the line (a widely held view) despite growing creeping concerns about deflation."
"While inflation should continue to ease through mid-year, survey-based measures of inflation expectations remain somewhat elevated."
"And though it looks increasingly likely that Q1 growth will be quite disappointing, business sentiment remains supportive."
"Unchanged policy from the BoJ may nudge USD/JPY slightly lower within the current range, sustaining the broader consolidation theme here."