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Jul 12 - 06:55 PM

JPY: BoJ Meeting Unlikely To Be A Catalyst For Any Upturn In JPY Volitivity - MUFG

By eFXdata  —  Jul 12 - 03:00 PM

MUFG Research discusses its expectations for this week's BoJ policy meeting.

"The BoJ meeting this week is unlikely to be a catalyst for any upturn in JPY volatility. Those risks are firmly linked to general risk appetite and expectations on monetary policy elsewhere. Hence, the semi-annual speech by Fed Chair Powell on Wednesday will be more important than the announcement from the BoJ," MUFG notes.

"We still see near-term USD/JPY risks skewed to the downside for now," MUFG adds. 

Source:
MUFG Research/Market Commentary

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