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- Sumitomo Mitsui Banking Corp: USDJPY could undo all the Abenomic gains to fall to 85.00
Sumitomo Mitsui Banking Corp: USDJPY could undo all the Abenomic gains to fall to 85.00
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BOJ may drop inflation target time frame at September meeting
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May flag external factors like oil and slower global growth as impediments to hitting inflation goal, even while saying the correct policy actions have been taken
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BOJ may change QQE range to ¥70-90tn from current ¥80tn
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Would be difficult for BOJ to cut rates further into the negative
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USDJPY could undo all the Abenomic gains to fall to 85.00
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