Analysts at Danske Bank do not expect the BoJ to change its policy at the July meeting, but the likelihood of a policy adjustment (fine-tuning) in Q3 has increased significantly. Key Quotes “We are very sceptical that the BoJ will be able to avoid fuelling normalisation speculation if it hikes the 10Y yield target in July, and the risk of JPY appreciation will keep the BoJ sidelined, in our view.” “If media reports that the BoJ is considering changing its 10Y yield target next week are incorrect as we expect, it should in general be positive for global fixed income markets, as we should see 10Y JGB yields edging back towards zero.” “We expect USD/JPY to bounce back above 112 if the BoJ keeps its policy unchanged next week, but see little potential for a sustained rally above July’s high at 113.17 in the near term. We target 112 in 1-3M.” 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 German Ifo business climate eases to 101.7 in July, beats estimates FX Street 5 years Analysts at Danske Bank do not expect the BoJ to change its policy at the July meeting, but the likelihood of a policy adjustment (fine-tuning) in Q3 has increased significantly. Key Quotes "We are very sceptical that the BoJ will be able to avoid fuelling normalisation speculation if it hikes the 10Y yield target in July, and the risk of JPY appreciation will keep the BoJ sidelined, in our view." "If media reports that the BoJ is considering changing its 10Y yield target next week are incorrect as we expect, it should in general be positive for global fixed income… 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.
