USD/JPY: big market event in BoJ coming up

By FXStreet FXStreet (Guatemala) – USD/JPY is now the hot topic with the FOMC and RBNZ done for the time being, (or having not done anything at all in fact).

The BoJ could be the event of the week, besides US GDP Q4 on Friday, (watch US GDP live here with FXStreet) as it has the makings to surprise, sort of, given how early on it is in 2016; Changes to their policy would be aggressive at this stage, but potentially required if they are to meet the objectives that were set back around three years ago into Prime Minister Shinzo Abe’s administration and his launch of a three-pronged economic strategy of monetary and fiscal expansion and structural reforms.

Markets are increasingly concerned for the little headway Japan is making and could be proclaimed as making the mistake of insufficiency while their inflation target is disappearing over the horizon. Until now, the most visibly effective part of the Abenomics program has been monetary policy with the BOJ having pioneered quantitative easing.

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Source:: FX Street