HALISTER1: USD/JPY May Fall Below 100 in Weeks as BOJ Disappoints: RBC

USD/JPY May Fall Below 100 in Weeks as BOJ Disappoints: RBC

(Bloomberg) -- BOJ appears to be laying the groundwork for more easing going forward but wants to take care of the banks first, Sue Trinh, head of Asia FX Strategy at RBC Capital Markets says.
  • From a monetary policy perspective this is a bit underwhelming as there is no aggressive moves: Trinh
  • Expects USD/JPY to move below 100 in coming weeks, if Fed holds rates unchanged
  • Says financial stocks, which should benefit the most from the yield curve control have rallied hard
  • USD/JPY up 0.9% to 102.65
  • Topix index up 2.2%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Sue Trinh (Royal Bank of Canada)

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