BoJ to keep its monetary policy unchanged – Danske Bank

Analysts at Danske Bank expect the Bank of Japan (BoJ) to keep its monetary policy unchanged at its policy meeting ending early Thursday morning.

Key Quotes

“This means that the BoJ will maintain its QQE and YCC with a target for the 10-year Japanese government bond yield of around 0%. This should not be a source of significant price action as this view is widely expected in the market. We still see USD/JPY in the 108-112 range in the near term.”