Sumitomo Mitsui Banking Corp: USDJPY could undo all the Abenomic gains to fall to 85.00

  • BOJ may drop inflation target time frame at September meeting

  • May flag external factors like oil and slower global growth as impediments to hitting inflation goal, even while saying the correct policy actions have been taken

  • BOJ may change QQE range to ¥70-90tn from current ¥80tn

  • Would be difficult for BOJ to cut rates further into the negative

  • USDJPY could undo all the Abenomic gains to fall to 85.00

The post Sumitomo Mitsui Banking Corp: USDJPY could undo all the Abenomic gains to fall to 85.00 appeared first on forex-analytics.press.