In the view of Jane Foley, Senior FX Strategist, the Bank of Japan (BoJ) is unlikely to deviate from the current accomodative way as this would cause an unwanted appreciation of the yen. Key quotes “For now, the BoJ will want to promote an image of a Bank focussed on policy stimulus. Over 60% of the economy is now in a state of emergency due to an increase in covid cases and any divergence from the accommodative paths set by the ECB and the Fed could result in an unwanted appreciation of the JPY. Any changes in BoJ policy and in the JGB curve could have an impact on the JPY.” “We currently expect USD/JPY to trade mostly in the 103/104 range in the months ahead.” 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 Europe: Germany to extend lockdown through February 14, Italian government set to survive vote FX Street 2 years In the view of Jane Foley, Senior FX Strategist, the Bank of Japan (BoJ) is unlikely to deviate from the current accomodative way as this would cause an unwanted appreciation of the yen. Key quotes “For now, the BoJ will want to promote an image of a Bank focussed on policy stimulus. Over 60% of the economy is now in a state of emergency due to an increase in covid cases and any divergence from the accommodative paths set by the ECB and the Fed could result in an unwanted appreciation of the JPY. Any changes in BoJ policy and… 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.
