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- JPY: Could gain a bid if BoJ stands pat this week - Citi
JPY: Could gain a bid if BoJ stands pat this week - Citi
Citi discusses its expectations around this week's BoJ policy meeting.
"Potentially retaining a bid in JPY is the likelihood of the BoJ standing pat at its meeting this week. The Nikkei reports Sunday that the BoJ looks likely to refrain from additional easing following similar reports from the Asahi Shimbun on Saturday and Bloomberg last Thursday (note that JPY short rates are pricing a decent probability of a further 10bp cut to the BoJ’s deposit rate by Q1’2020)," Citi notes.
"Citi analysts also expect no change in BoJ policy which could be marginally supportive for JPY sentiment," Citi adds.
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