The Bank of Japan announce the results of their monetary policy meeting on Friday

Previews:

  • Bank of Japan monetary policy meeting today and Friday - preview
  • Look ahead to Friday and the BOJ meeting - preview from BoA/ML

Bloomberg have an interesting piece up. They note on USD/JPY for the end of this year:

  • The median of more than 50 estimates compiled by Bloomberg is for a slide to 125 to the dollar

But they highlight comments from those picking a move to 115 (Amundi, Europe's biggest publicly traded money manager) and 110 (JPMorgan):

"We don't think that additional easing will have much impact on the yen," said Tohru Sasaki, head of Japan markets research at JPMorgan in Tokyo. "It's difficult for them to surprise the market compared to 2014."

and

Amundi SA and JPMorgan Chase & Co. say more stimulus would only slow the rally, not reverse it, in part because the BOJ is running out of bonds to buy

More here at Bloomberg.

That 115 - 125 range is looking better :-D