Back
22 Mar 2013
Forex Flash: Room for confusion and surprise at BoJ April 4 meeting - RBS
FXstreet.com (Barcelona) - There is room for confusion and surprise on the BoJ April 4 monetary policy meeting, "either up or down for JPY" says Greg Gibbs, FX strategist at RBS.
Greg adds: "Broadly speaking, over the next few months we see Kuroda delivering more than expected on the QE front, and thus still want to buy USD/JPY dips. Recent price action is soft, so we prefer to bide our time until we sense the market has cooled its focus on the 4 April meeting and is no longer so sure Kuroda has the skills to manage inflation expectations yet higher."
Greg adds: "Broadly speaking, over the next few months we see Kuroda delivering more than expected on the QE front, and thus still want to buy USD/JPY dips. Recent price action is soft, so we prefer to bide our time until we sense the market has cooled its focus on the 4 April meeting and is no longer so sure Kuroda has the skills to manage inflation expectations yet higher."