Analysts at Nomura explain that the BOJ sent a clear message to the market: lower for longer with a bit more volatility and as Nomura expected, the BOJ decided to allow for a wider trading range around the 0% 10yr yield target, but communications in other areas remained fairly dovish. Key Quotes “The introduction of new forward guidance appeared especially dovish in keeping JGB yields low. As Governor Kuroda communicated the new trading range more clearly than we expected, there appears to be little uncertainty on the new policy framework.” “In rate market, considering the BOJ’s forward guidance and short cover demand for 10yr JGBs, we believe the 10yr auction on 1 August will be well received and 10yr yields will stay below 0.1%.” “During a quieter summer, JPY should remain weak relative to other major currencies. For equity market, the actual pace of ETF purchases under the increased flexibility will be important.” 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/USD defends 20-month MA for the third consecutive month FX Street 5 years Analysts at Nomura explain that the BOJ sent a clear message to the market: lower for longer with a bit more volatility and as Nomura expected, the BOJ decided to allow for a wider trading range around the 0% 10yr yield target, but communications in other areas remained fairly dovish. Key Quotes "The introduction of new forward guidance appeared especially dovish in keeping JGB yields low. As Governor Kuroda communicated the new trading range more clearly than we expected, there appears to be little uncertainty on the new policy framework." "In rate market, considering the BOJ's forward guidance and short… 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.
