Analysts at TD Securities suggest that markets will be watchful for forecast changes as the BoJ reviews its forecasts at the meeting on 31 July. Key Quotes “As indicated by the Tankan survey, firms’ expectations of future inflation remain benign and it is likely that the BoJ lowers its inflation forecasts as a result. Sources reportedly suggest that the projection for core CPI will be cut to 1.0% from the 1.3% current forecast for this fiscal year.” “BoJ fixed rate operation says a lot about what they are thinking. 1) They were not happy with talk about any shift in policy towards a more hawkish tilt, 2) They were not happy with the move in JGB yields and 3) at the meeting on 31 July it seems unlikely that they will shift to a less dovish stance.” “USDJPY will likely struggle to move lower in the near term on the back of this announcement.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple price analysis: XRP/USD under pressure despite the news that Samsung will accept XRP FX Street 5 years Analysts at TD Securities suggest that markets will be watchful for forecast changes as the BoJ reviews its forecasts at the meeting on 31 July. Key Quotes "As indicated by the Tankan survey, firms' expectations of future inflation remain benign and it is likely that the BoJ lowers its inflation forecasts as a result. Sources reportedly suggest that the projection for core CPI will be cut to 1.0% from the 1.3% current forecast for this fiscal year." "BoJ fixed rate operation says a lot about what they are thinking. 1) They were not happy with talk about any shift in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
