- BOJ mulling pledge to buy assets in open ended program until 2% inflation is foresee, according to RTRS sources
- BOJ also mulling scrapping the 0.1% floor it sets on short-term interest rates
The second comment might be a hint a zero or sub-zero rates, which would be a game changer. It’s important to remember that it’s only under consideration.
This Tuesday’s BOJ meeting is shaping up to be the biggest one in a long time.
USD/JPY at the highest since June 2010.
