#USDJPY @ 128.201 : BoJ’s tweak to glamourize the Yen – Rabobank
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USD/JPY fell sharply on Thursday. As economists at Rabobank expect the Bank of Jpan to tweak YCC again, the Yen is set to thrive.
“While the doves may require a lot of convincing, ahead of the December BoJ policy meeting which brough a tweak to the YCC policy, speculation for a change appeared to already have found some support.”
“No change in policy this month would be a set back for the JPY. However, we would look to buy the JPY vs. the USD on dips on anticipation of another move in YCC in the spring.”
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