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HI traders,
BoJ Interest Rate Decision is ahead.
It is scheduled at 2 GMT on 31/July.
Governor of the Bank of Japan Haruhiko Kuroda will announce this decision.
Previous rate was -0.10% and expected data is that it will remain same.
BoJ is far from reaching its core inflation goal of 2%.
Nevertheless, they have recently gradually limited their bond buying, triggering speculation of a quiet exit from the stimulus program.
The upcoming decision will serve as an opportunity to clarify their policy and analyze the situation.
No change in policy is projected.
So, I am bearish on USDJPY
Cheers !!
BoJ Interest Rate Decision is ahead.
It is scheduled at 2 GMT on 31/July.
Governor of the Bank of Japan Haruhiko Kuroda will announce this decision.
Previous rate was -0.10% and expected data is that it will remain same.
BoJ is far from reaching its core inflation goal of 2%.
Nevertheless, they have recently gradually limited their bond buying, triggering speculation of a quiet exit from the stimulus program.
The upcoming decision will serve as an opportunity to clarify their policy and analyze the situation.
No change in policy is projected.
So, I am bearish on USDJPY
Cheers !!
