The Bank of Japan statement is expected sometime in the 0230 to 0330 GMT time window
- this is 2230 – 2330 US Eastern time
The Bank don’t have a firmly scheduled time for their policy announcements.
Overnight was a leak:
- BOJ to discuss hike to 0.25% – report
- Another Bank of Japan leak says 0.25% is under consideration
- Nikkei reiterates the worst kept secret. BOJ considering hike to 0.25%
- Forexlive Americas FX news wrap: Bank of Japan leaks the possibilty of 15 bps hike
Bank of America are expecting a rate hike from the BoJ today, alongside an announcement of a reduction in Japanese Government Bond buying to JPY 3 trln a month.
As for USD/JPY, analysts at the bank see it dropping to 145 due to the narrowing of the interest rate rate differential between the US and Japan. That move to 145 is not expected today!
This article was written by Eamonn Sheridan at www.forexlive.com.
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