30 Apr 2014
BOJ to deliver further 'QQE' today - Societe Generale
FXStreet (Bali) - Societe Generale expects the BOJ to deliver a further “QQE” on Wednesday.
Key Quotes
"We expect the BOJ to deliver a further “QQE” on Wednesday in the form of a further Y10trn increase in the monetary base, biased towards riskier assets. The BOJ meeting will certainly be more exciting than the FOMC the same day, and has a decent chance of helping USD/JPY rally from here."
"Solid US payrolls should help Treasury yields edge upwards, and if event in the Ukraine don’t unleash widespread risk aversion, the conditions for a push to and through USD/JPY 104 ought to be in place. Positioning too, is less unhelpful as yen bears capitulate."
Key Quotes
"We expect the BOJ to deliver a further “QQE” on Wednesday in the form of a further Y10trn increase in the monetary base, biased towards riskier assets. The BOJ meeting will certainly be more exciting than the FOMC the same day, and has a decent chance of helping USD/JPY rally from here."
"Solid US payrolls should help Treasury yields edge upwards, and if event in the Ukraine don’t unleash widespread risk aversion, the conditions for a push to and through USD/JPY 104 ought to be in place. Positioning too, is less unhelpful as yen bears capitulate."