Goldman Sachs Group currency strategists say the Bank of Japan will , boost monetary stimulus, coming in October
- This will weaken the yen, saying USD/JPY to130 within 12 months
Get this .... (bolding mine):
- "We see dollar-yen upside as highly actionable on a three-month horizon"
- "Governor Kuroda has been adept at surprising markets since the start of his tenure and, though our official call is for the second October meeting, we cannot rule out action sooner"
via Bloomberg
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There is a BOJ meeting today, more here:
- BOJ announcement due today ... 'no change' is the consensus outlook
And ...
- BOJ meeting next week could be prelude to easing - BTMU
- Latest: 2 of 35 analysts see BOJ further easing next week ... but just wait 'til October!
- BOJ likely to leave policy unchanged this week say sources
- CitiFX says the BOJ will ease further, but not just yet
- Yen may play deciding role in BOJ decision to ease
Further BOJ meetings following in 2015:
- October 6 and 7
- October 30
- November 18 and 19
- December 17 and 18
