1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Ex-BOJ’s Shirai – Don’t think BOJ has a lot of room left to cut rates further

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Ex Bank of Japan (BOJ) member Shirai was on the wires today stating the bank should not do more easing this month and added that there is not enough room left to cut rates further.

    Key quotes

    It's a tough situation for the BOJ as the yen advanced rapidly, but further easing doesn't necessarily stop that

    It's possible that action now would invite more demand for stimulus from markets and then more speculative trading. This should be avoided
    For more information, read our latest forex news.
     

Share This Page