The BoJ has given notice of consecutive fixed-rate fund purchase operations and prevented Yen rates from rising before the April Monetary Policy Meeting. Spot Dollar Yen has risen significantly, but volatility in both the Nikkei Average and Yen basis has been fairly limited.
In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido previews the April BoJ monetary policy board meeting. He also shares his outlook for Dollar/Yen, Yen rate, and Yen basis ahead of Japan’s “Golden Week” holiday.
Disclaimer: www.mufgresearch.com (PDF)
Version: 20241125