cision, BOJ Governor Haruhiko Kuroda will attend the press conference, around 06:00 AM GMT, to convey the logic behind the latest policy moves.
Although the BOJ isn’t expected to offer any change in its monetary policy, the quarterly economic forecasts will be important to watch following the fresh talks of the virus-led threats to inflation, as signaled in the latest Summary of the BOJ Monetary policy meeting.Basic policy settings are expected to be unchanged, notably the ‘around zero percent’ yield target for the 10-year bond.
Given the wide division between the policymakers of the US Federal Reserve and the BOJ, the carry trade opportunities may escalate should the BOJ choose to keep the easy money flowing by citing the virus-led economic hardships. However, the covid-linked challenges to inflation may weigh on the carry trade and weigh on the USD/JPY prices.
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