WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Don’t Expect Too Much From the BOJ

Posted by WorldWideMarkets . on Oct 30, 2013 3:47:00 AM

Don’t expect much from the Bank of Japan policy meeting on Thursday, Tokyo local time.

BOJ Deputy Governor Kikuo Iwata said last Friday that the Japanese central bank remains committed to its 2 percent inflation target. While downside risk has emerged with the weaker global economy, Iwata, a proponent of aggressive monetary easing, vowed the BOJ will maintain its ultraloose monetary policy until that target is reached.


The BOJ doubled the monetary base and boosted purchases of government bonds last April. Since July, the dollar has traded in a 5 yen range between just over 100 and 95.70 since early July. There will be a breakout but not on this BOJ meeting. yen 

 

Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

FAQ CenterLEARN MORE >>
Browse our frequently asked questions and find your answers right away.

VideosLEARN MORE >>
Access to the educational lessons, webinars and platform walkthroughs.

READY TO TRY THE MARKETS?

Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!