During the conference in Hague, German Chancellor Angela Merkel said that the EU would find a backstop solution by October 31 (Brexit deadline).
A chance to trade the Japanese currency
The Bank of Japan will make its monetary policy statement and announce the interest rate on March 15. The bank won’t change its interest rate, but the comments by the bank of Japan governor Haruhiko Kuroda may shake the JPY. During the previous month, the BOJ governor threw hints on further monetary policy easing. This dovish outlook made the JPY suffer. Let’s see where the central bank will drive its currency.
• If the BOJ is hawkish, the JPY will move up;
• If the BOJ is dovish, the JPY will move down.
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