Citing four sources familiar with the Bank of Japan (BOJ) thinking, Reuters reported that the Japanese central bank is likely to maintain its view that the economy will gradually recover later this year from the coronavirus pandemic impact. Key takeaways “The economic views will heighten the chances the central bank will keep monetary policy steady at its rate review on July 14-15.” “The BOJ’s report is expected to warn that risks to the outlook are extremely high, including the second wave of infections that could delay any recovery in global and Japanese growth.” Separately, Japanese Economy Minister Yasutoshi Nishimura said earlier today that they agreed with virus experts to expand the economic activity further on July 10. Market reaction USD/JPY has trimmed gains to trade around 107.60, having hit a daily high of 107.78 in early Asia. Broad US dollar weakness outweighs the broad risk-on market mood. Meanwhile, the above report seems to put a bid under the yen. 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 Forecast: Attacking resistance, break or bounce? Technicals are bullish, fundamentals are tied Yohay Elam 3 years Citing four sources familiar with the Bank of Japan (BOJ) thinking, Reuters reported that the Japanese central bank is likely to maintain its view that the economy will gradually recover later this year from the coronavirus pandemic impact. Key takeaways “The economic views will heighten the chances the central bank will keep monetary policy steady at its rate review on July 14-15.” “The BOJ's report is expected to warn that risks to the outlook are extremely high, including the second wave of infections that could delay any recovery in global and Japanese growth.” Separately, Japanese Economy Minister Yasutoshi Nishimura said… 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.
