BOJ as expected

Reaction from Stephen Innes, a Singapore-based senior trader at foreign exchange company Oanda:

“I suspect other central banks are quite happy for the BOJ to refrain from a policy shift at this time given such an outcome could spark a global bond market mini-tantrum.”

“Mixed reaction as the market on sidelines awaiting the follow-up presser.”

Kuroda is likely to be bombarded again with questions about the bank’s exit policy at his post-meeting press conference. Whether we hear a case of central bank verbal gymnastics to avoid the problem or he provides some guidance, the reality is the low level of inflation makes it highly unlikely he will stir the pot publicly even if such discussions are going on behind closed doors.”

Zero Hedge

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Stephen Innes

Stephen Innes

Senior Currency Trader and Analyst at OANDA
Stephen has over 25 years of experience in the financial markets and specializes in Asian currencies at OANDA. After having started his trading career with NatWest Bank, he is currently based in Singapore as a Senior Currency Trader and Analyst with OANDA, focusing on the movement of the Aussie Dollar and ASEAN Currencies. Stephen has an extensive trading experience in Interest Rate Futures, Money Markets and Precious Metals. Prior to joining OANDA, he worked with organizations like Cambridge Mercantile, Nat West, Garvin Guy Butler, Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

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