BOJ Should Skip Easing This Week, Focus on September: Citi
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Best way to sustainably depreciate yen would be to forgo easing this month and announce a comprehensive policy review toward Sept. meeting, Citigroup FX strategists write in note received today.
Alert: HALISTER1- USD/JPY has declined in the period immediately following all BOJ decisions this year; click here for chart
- If BOJ postpones easing, it should maintain market expectations and minimize JPY appreciation pressure due to position unwinding, Citi says
- Unlikely USD/JPY can advance beyond 108, even if BOJ moves as expected, with risk of a decline toward 103 or below
- USD/JPY up 0.3% to 104.95
- BOJ PREVIEW: Yen Exposed to Upside Risk as Easing Well- Priced In
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283