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Barclays 'trade of the week' is to buy USD/JPY leading into the BOJ meeting

Discussion in 'Fundamental Analysis' started by ForexLive, Oct 25, 2015.

  1. ForexLive

    ForexLive Forum Member

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    The Bank of Japan monetary policy board meeting is on Friday, October 30, this week. eFX have Barclay's latest 'trade of the week': "and we believe scope for further yen weakness is limited due to undervaluation, a decisive easing by the BoJ could put a sharp upward pressure on USDJPY, at least in the short term. When the BoJ surprised the markets with QQE2 last October, USDJPY rallied by more than 3 yen on the day," Barclays projects.

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