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BoJ makes modifications to interest rate policy - BTMU

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at Bank of Tokyo Mitsubishi noted that the BoJ modified its negative interest rate policy this week by including Money Reserve Funds and doubling the size of Loan Support Program borrowings in the Macro Add-On Balance.

    Key Quotes:

    "The Fed also left monetary policy intact. After the ECB
    expanded easing on 10th March, the BoJ and Fed were more conservative in their
    monetary policy operations amidst high market volatility. USD/JPY may settle down and move along with real money flows ahead of the Easter holiday next week.

    Japanese exporters JPY buying has been picking up gradually. Real flows may
    generate sizeable yen buying pressure, weighing further on USD/JPY ahead of the
    fiscal year-end.
    For more information, read our latest forex news.
     

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