The Bank of Japan (BoJ) is due with a monetary policy statement and an updated outlook report, and analysts at Goldman Sachs have laid out the possible adjustments expected from Japan’s central bank. Key highlights BoJ could implement a higher yield target for 10-year GJBs, which would be the strongest JPY-bullish outcome. Alternatively, the BoJ could broaden the targeted yield movement band, which would still be JPY-bullish, but less so. Goldman Sachs analysts peg the likely outcome as the BoJ instructing staff to begin to consider sustainability adjustments in September, which would also support the Yen and open up room to make policy adjustments later in 2018. “Under this outcome, USD/JPY may decline somewhat further as investors build in expectations for a change in the autumn”. Less JPY-supportive outcomes would be statements from the BoJ on making smaller adjustments, such as adjustments to ETF purchasing structures and dropping the 80 trillion Yen annual JGB purchase target. 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 Forex today: mostly quiet ahead of central bank meetings, dollar a touch softer FX Street 5 years The Bank of Japan (BoJ) is due with a monetary policy statement and an updated outlook report, and analysts at Goldman Sachs have laid out the possible adjustments expected from Japan's central bank. Key highlights BoJ could implement a higher yield target for 10-year GJBs, which would be the strongest JPY-bullish outcome. Alternatively, the BoJ could broaden the targeted yield movement band, which would still be JPY-bullish, but less so. Goldman Sachs analysts peg the likely outcome as the BoJ instructing staff to begin to consider sustainability adjustments in September, which would also support the Yen and open up room… 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.
