Ahead of this Friday’s key Bank of Japan (BOJ) monetary policy meeting, Japan’s Nikkei came out with the news suggesting a six-month extension to the current corporate aid, currently about to expire on March 2021. The news cites concerning about fresh economic downturn, based on the coronavirus (COVID-19) resurgence in Tokyo, coupled with the December Tankan Survey of Enterprises in Japan, to justify the expectations. Market reaction… Following the news, USD/JPY eases from 104.06 to 104.00 while waiting for Tokyo open to respond during early Tuesday. It should, however, be noted that the BOJ has already cited such concerns in the past and hence it is not the blue moon expectations, which in turn hints no major reaction by the yen pair to the news on the Japanese market’s open. 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 Here is why Velo could be the next “XRP killer” FX Street 2 years Ahead of this Friday’s key Bank of Japan (BOJ) monetary policy meeting, Japan’s Nikkei came out with the news suggesting a six-month extension to the current corporate aid, currently about to expire on March 2021. The news cites concerning about fresh economic downturn, based on the coronavirus (COVID-19) resurgence in Tokyo, coupled with the December Tankan Survey of Enterprises in Japan, to justify the expectations. Market reaction... Following the news, USD/JPY eases from 104.06 to 104.00 while waiting for Tokyo open to respond during early Tuesday. It should, however, be noted that the BOJ has already cited such concerns 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.
