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BOJ's move to fuel currency wars: Trade opportunities - Credit Agricole

Discussion in 'Market News' started by ForexLive, Jan 31, 2016.

  1. ForexLive

    ForexLive Forum Member

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    What's the BOJ going to bring to markets? In theory, the policy should boost the effectiveness of its QE program by encouraging the banks to spend rather than save the cash they receive in exchange for their JGB holdings. . Indeed, as in the case of EUR, the negative rates could encourage portfolio and FX reserve diversification out of JPY and boost its attractiveness as a funding currency.

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