Japanese selling JPY large - BTMU

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at Bank of Tokyo Mitsubishi explained the conditions surrounding USD/JPY.

    Key Quotes:

    "Despite the terrorist attacks in Paris last weekend, the stock market and USD/JPY have not been shaken yet. The latest Japanese GDP report which showed a technical recession has little impact on USD/JPY as well. Japan’s improving trade balance is helping to dampen further upside potential for USD/JPY."

    "The widening in the USD/JPY basis swap is attracting market attention driven by massive JPY selling flows by Japanese investors. The BoJ left its monetary policy intact, though it added a phrase about the weakness of price developments. The dovish shift in communication leaves the yen more vulnerable to the downside although the likelihood of imminent BoJ easing remains low."
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