Trading EUR: await news from the ECB
The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
Long-term yield target won’t be raised by BOJ in 2018
The vast majority of financial experts surveyed by Reuters are assured that the Bank of Japan is going to keep its long-term interest rate objective intact in 2018, although 40% hope for a lift, reflecting the soaring speculation because Japan's economy keeps strengthening.
Haruhiko Kuroda is widely anticipated to be asked to keep ruling the BOJ.
A great number of financial experts didn't predict the BOJ unwinding its huge stimulus in 2018, although 16 did.
2 were assured that the Bank of Japan could start cutting back already in April, while 2 told it could take place in September. Additionally, 8 experts chose October, while 4 picked up December.
Aside from that 17 experts hoped the wind down would burst out in 2019 or a bit later.
Market experts also thought the country’s major bank would continue targeting an annual soar in its bond holdings of about 80 trillion yen.
However, some experts told the target happens to be a pure facade because the BOJ’s actual buying has dived to half that pace.
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