BOJ--

Saturday, April 11, 2009 WiKi

I do not expect the BOJ to move on rates, they are already at 0.10%, it's not like they can go much lower anyway. What I am expecting from the Japanese is nothing but JPY negative sentiment, rhetoric, and overall monetary policy. I do not see the BOJ saying or doing anything at all whatsoever to support the JPY right now. With the Japanese economy in shambles and the BOJ staying on a course of loose monetary policy, I'd be shocked to see anything other than the JPY getting trashed again post rate announcement. The BOJ's announcement is always tentative, so be on the look out for something from them after the 2300 EST timeframe and on. 


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