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  • Video / Friday at 8:33 GMT

    Bank of Japan's delaying tactic: Hardy

    John J Hardy
    The Bank of Japan's meeting overnight was a delaying tactic for a very key September meeting, according to Saxo Bank head of FX strategy John Hardy.

    Hardy thinks that there will be a focus on fiscal stimulus, and possibly helicopter money.

    The Yen could rally going in the September meeting, Hardy adds.
    watch video
  • Article / Friday at 8:25 GMT

    From the Floor: Too big in Japan?

    From the Floor: Too big in Japan?
    Expectations were high and the Bank of Japan did not delive. Leaving interest rates stable and refraining from increasing the monetary base disappointed markets, sending the yen higher. “We are seeing the Bank of Japan at its limits,” comments Saxo FX strategy head John J Hardy.
    Read the article
  • Article / Friday at 1:55 GMT

    Morning Report APAC: All eyes on BoJ meeting, with easing expected

    APAC Sales Trading Desk / Saxo Capital Markets
    Singapore
    Morning Report APAC: All eyes on BoJ meeting, with easing expected
    The much anticipated Bank of Japan meeting has about 80% of analysts and economists are expecting some form of easing. The stakes are high for BoJ governor Haruhiko Kuroda and his board. Meanwhile in the US, the former Fed Chairman says the US may be heading toward a slow-growth economy coupled with high inflation.
    Read the article
  • Video / Thursday at 9:49 GMT

    BoJ likely to cut rates: Moltke-Leth

    cml
    Saxo Bank's Christoffer Moltke-Leth updates us on the upcoming Bank of Japan announcement.

    According to Molkte-Leth, the BoJ has a 2% inflation target, but the current inflation rate is only 0.5%. That's why Molkte-Leth expects Kuroda to act.

    Molkte-Leth thinks that we will see a 20 basis point cut and that annual asset purchases could increase from ¥80 to ¥100 trillion.
    watch video
    2d
    SYED ALI SYED ALI
    so what you think of they cut rates then jpy will go bullish or bearish ?
  • Article / Thursday at 8:30 GMT

    FX Update: USD fizzles post-FOMC, BoJ a big unknown

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: USD fizzles post-FOMC, BoJ a big unknown
    The latest FOMC statement failed to support the USD rally further, sending the greenback lower. The more important (and more anticipated) BoJ meeting is up in Friday’s Asian session and the BoJ can only surprise as expectations for the bank are mixed and fraught with uncertainty.
    Read the article
  • Article / Thursday at 1:19 GMT

    Shock and awe expected from Japan after timid Fed

    Managing Director / Technical Research Limited
    New Zealand
    Shock and awe expected from Japan after timid Fed
    After yesterday's timid FOMC announcement, many expect the double act of the Bank of Japan's Governor and Japan's Prime Minister to throw everything at Japan’s “deflationary mindset”, making USDJPY the focus for FX traders. The first news could come Friday afternoon when the BoJ issues a post-meeting monetary policy statement.
    Read the article
    3d
    Max McKegg Max McKegg
    Well Jim, one way would be to for the BOJ to deliver “helicopter” money i.e direct payments to the population. Those funds would not increase the money...
    3d
    KaranKK KaranKK
    Based on the previous experience, when BOJ introduced negative interest rates, markets took it as a negative sign, USD/JPY fell and Nikkei fell. What happens if BOJ...
    3d
    Max McKegg Max McKegg
    I think the BOJ acting on its own and cutting the deposit rate will be a waste of time – as you suggest (unless of course, they...
  • Calendar event / Wednesday at 18:00 GMT

    US U.S. interest rate decision

    forecast
    actual
    High FOMC Vote For Action
    9
    High FOMC Vote Against Action
    1
    High Fed Funds Rate-Range High
    0.5
    High Fed Funds Rate-Range Low
    0.25
    Med Discount Rate
    1
    Med Discount Rate Change (Pts)
    0