Halister News

(Bloomberg) -- Nearly a third of investors (30%) polled by Nomura expect the BOJ to steepen the yield curve at this week’s meeting, analysts at the bank said in a client note.

• As for a rate cut, 23% of those surveyed expect one while another 23% don’t expect any policy change
• The likely market response to the meeting also divided respondents with 41% expecting a rise in yields vs 38% expecting a fall in yields; were the BOJ to cut rates 40% expecting JPY to fall vs USD, 34% expect dollar depreciation; 26% expect a neutral response from the pair; a steepening of the curve would be neutral for the pair, 51% said
• Nomura conducted a survey of global institutional investors between Sept. and Sept. 20; the breakdown of respondents by asset class was 29% equities, 26% FI, and 26% FX