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Geopolitical risks could affect corporate, household sentiment – BOJ’s Miyanoya

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The Bank of Japan's (BOJ) Osaka branch manager Atsushi Miyanoya was on the wires today, noting that the current yen rebound versus the greenback is surprising and is mainly driven by risk-aversion.

    Key Quotes:

    BOJ must watch how market developments since start of this year, geopolitical risks could affect corporate, household sentiment

    Output, exports of smartphone parts in Oct-Dec did not increase as much as expected

    Many firms in Kansai region say they want USDJPY to move stably around 120, and don't hear much calls for further Bank of Japan easing

    Many firms in region feel current yen rises are driven by investors risk aversion

    Some firms in region say they’re puzzled to see yen rebound vs USD despite monetary policy paths of US and Japan
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