The EUR is likely to remain the net beneficiary of the latest BoJ policy action.
FORBES: Short Selling The Euro Is Akin To Owning Fool's Gold
This week the BoJ kept its benchmark interest rate on hold, at just 0.5%.
ECONOMIST: Japan has long hoped for a bit of inflation��but not this sort
At the past two monthly policy board meetings, BoJ decided to expand QE measures.
The Fed and the BOJ remain very accommodative, and that has helped provide a good backstop.
The dollar jumped 7% against the yen in the days following the BOJ's announcement.
The BoJ put a timeline of two years on its prior promise to achieve 2% inflation.
And as luck would have it, Abe gets to appoint the next BOJ governor.
There should be no question, said Shirakawa, that BOJ has not been aggressively implementing QE.
The BOJ move provided a boost to many raw commodity markets overnight, including the precious metals.
That alone gave the Bank of Japan (BoJ) reason to act on October 5th.
The intervention by the BoJ really did two things to weaken the yen yesterday.
FORBES: Dollar-Yen Speculators At Mercy Of Fed, Bank Of Japan
Coincidentally, BOJ was shocking the world with a theretofore unheard of zero interest rate policy.
FORBES: On-Line Brokers and the (Unfulfilled) Promise of Tokyo's "Big Bang"
But the BoJ does not give the impression it is particularly concerned about prices.
It is not only the BoJ that needs to do more to combat deflation, however.
Trying to provide some sort of diversion was the scheduled Bank of Japan (BoJ) meeting.
So, the BoJ has set a 2% inflation target but forecasts 0.9% inflation by 2015.
He has called on the BoJ to tackle deflation by raising its inflation target.
If Japan sacks the BOJ it will be the beginning of something very big indeed.
Making Japan an interesting play is seeing how the BoJ tackles a strong Yen.
The BOJ move provided an early boost to many raw commodity markets Wednesday, including the precious metals.
Japanese officials said the BOJ should act without worrying about the financial risks of buying longer-term assets.
The BOJ has announced it will pump voluminous liquidity into Japan's credit-parched economy, regardless of interest rates.
"It does necessarily mean that the BOJ is not going to give up its independence, " she added.
The BOJ could undertake intervention and might even try to intervene in the yen against the euro.
FORBES: Analysts: Euro Seen Holding Ground Or Edging Higher Against Dollar In Fourth Quarter
Analysts said Mr Kuroda's nomination is likely to see the BOJ support the government's aggressive policy stance.
In Japan, the BoJ and anyone else who can garner airtime has a yen position to debate.
However, what happens when the Fed, BOE, BOJ and ECB want to lighten up on their balance sheets?
The Nikkei newspaper reported that the BOJ will consider adding to its asset-purchase program, known as quantitative easing.
FORBES: Comex Gold Rebounds On Easing Prospects, Indian Demand, Technical Factors
The Bank of Japan started a two-day meeting, at which the BOJ may introduce some fresh monetary stimulus.
FORBES: P.M. Kitco Metals Roundup: Comex Gold Ends Near Steady on Chart Consolidation, Profit Taking
The Fed may fall into the BOJ trap, gradually lowering interest rates while the economy still suffers dehydration.
应用推荐