Published: 2023-12-18T05:01:34.000Z
USD/JPY flows: Steady Before BoJ
FX Analyst
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Topics
BoJ's statement will be release on Tuesday Asia
Market participants will be on the side line to avoid getting wrong footed by any BoJ's "surprise"
The all important BoJ decision will be released on Tuesday's Asia session, our central forecast will be change in forward guidance for BoJ to signal they will be exiting ultra-loose monetary policy and return interest rate to 0% in Q1 2024. Some market participants maybe speculating a more aggressive approach from the BoJ to hike in the December meeting, yet we do not see the BoJ has such urgency. So far on Monday's Asia session, there has been no headline coming from the BoJ or Japanese official side, letting the pair to go with the flow.
USD/JPY is trading 0.03% higher at 142.18.