The Bank of Japan decided to take a step towards monetary normalization. What’s next? Let's talk about this topic and make up a USDJPY trading plan.
Quarterly yen fundamental forecast
The BoJ turns more aggressive, doesn’t it? However, Haruhiko Kuroda says the BoJ should maintain its ultra-easy monetary policy, arguing that a wider target yield range for 10-year bonds from +/-0.25% to +/-0.5% will balance the bond market. But investors see it differently. The debt obligations forced the BoJ to take the first step towards monetary normalization. It is very likely that normalization will continue in 2023.
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