Flash: Decreasing expectations of BOJ easing could slow JPY weakness - Nomura

FXStreet (Bali) - According to Yujiro Goto, FX Strategist at Nomura, expectations for an early BOJ easing have been scaled back further.

Key Quotes

"We expect this process to continue after Governor Kuroda’s optimistic view on the outlook and encouraging economic data."

"Decreasing expectations of a BOJ easing could slow JPY weakness momentum for now, but it should lower the downside risk of USDJPY after the April BOJ meeting. Thus, we keep expecting USDJPY to rise gradually with very limited risks of undercutting 100."