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 !!
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