USD/JPY flows: BoJ meeting market participants on bond purchase cut

The Bank of Japan will be holding in-person meetings with market participants this week, including banks, securities firm and bond purchasing FI, in regard of the coming changes in bond purchase program to be announced on 30th July. Currently, market participants are expecting more than 1 trillion JPY cut in the first year and 2-3 trillion JPY cut in the second year. It looks like the BoJ is getting market participants ready for the cut and checking out response from them.

USD/JPY is trading 0.12% higher at 160.98.