The analysts at Bank of America Global Research offer a sneak peek at what to expect from Friday’s Bank of Japan (BOJ) monetary policy decision. Key quotes “The BOJ is expected to keep all key policy targets unchanged at its last meeting of the year, on 18 December. The policy board will likely extend the deadline for its COVID-19 corporate funding support program by 6 months, to Sep 2021.” “Likely absence of major actions by the BOJ in the near future justifies the lack of market interest in its policy. The BOJ’s loose monetary policy stance maintains JPY’s funding currency status.” “Since the COVID-19 outbreak, USD has also traded as a funding currency with the Fed focusing on supporting the economy and generating inflation. With the two currencies funding the latest risk asset rally. “ “USD/JPY’s volatility has fallen while cross-yen has been driven by risk sentiment. From this perspective, further crowding of positioning in risk assets could pose a downside risk to cross-yen (but not USD/JPY).” 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 USD/JPY Price Analysis: Selling resumes, eyes November lows FX Street 2 years The analysts at Bank of America Global Research offer a sneak peek at what to expect from Friday’s Bank of Japan (BOJ) monetary policy decision. Key quotes "The BOJ is expected to keep all key policy targets unchanged at its last meeting of the year, on 18 December. The policy board will likely extend the deadline for its COVID-19 corporate funding support program by 6 months, to Sep 2021." "Likely absence of major actions by the BOJ in the near future justifies the lack of market interest in its policy. The BOJ's loose monetary policy stance maintains JPY's funding currency status.”… 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.
