USD/JPY: Deepening conflicts ahead for policymakers

The BoJ purchased a record high of Japanese stock exchange-traded funds while Japanese National inflation contracted, Valeria Bednarik, a Chief Analyst at FXStreet, reports.

Key quotes

“The BoJ purchased a record high of 201.6 billion yen of Japanese stock exchange-traded funds.” 

“Japanese National inflation came in at 0.4% YoY for February, well below the previous and the expected.”

“The US will publish the usual weekly unemployment figures and the March Philadelphia Fed Manufacturing Survey, foreseen at 10 from 36.7 previously.”