Analysts at Societe Generale offer a sneak peek at what to expect from the Bank of Japan (BoJ) monetary policy announcement and outlook report due tomorrow after 0230 GMT. Key Quotes: “The BoJ’s meeting on 31 July will be unusually closely observed by the markets in the wake of this week’s large move in the 10y JGB yield. Monday’s move in JGBs (close to 10bp in the 10y yield) was likely a knee-jerk reaction to speculation that the BoJ may start to alter its yield curve control (YCC) strategy this year. Our economists do not see an immediate change to the QQE programme with inflation still relatively low and a possible downgrade in the BoJ’s inflation projections. “¦ the BoJ could add some flexibility to YCC by increasing the band it is willing to accept around its long-term yield target (currently, around 10bp seems to be acceptable). This would aim to ease some of the side effects of low yields and a flat yield curve on the banking sector.” 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 EUR/JPY Technical Analysis: Bullish above 50-hour MA FX Street 5 years Analysts at Societe Generale offer a sneak peek at what to expect from the Bank of Japan (BoJ) monetary policy announcement and outlook report due tomorrow after 0230 GMT. Key Quotes: "The BoJ's meeting on 31 July will be unusually closely observed by the markets in the wake of this week's large move in the 10y JGB yield. Monday's move in JGBs (close to 10bp in the 10y yield) was likely a knee-jerk reaction to speculation that the BoJ may start to alter its yield curve control (YCC) strategy this year. Our economists do not see an immediate change… 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.
