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Bank of Japan unlikely to change its tune – #SaxoStrats
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The Japanese yen has weakened significantly versus the dollar since November, but BoJ governor Kuroda is not expected to spring any huge surprises, says Saxo Bank’s head of FX strategy John Hardy.
The BoJ meets on Tuesday to discuss interest rates and bond yield targets while the US dollar strengthens from president elect Trump’s spending plans.
Hardy also discusses USDJPY and EURUSD and what Fed chair Janet Yellen might say when she speaks later on Monday.