FXStreet (Delhi) – Research Team at Nomura, suggests that Governor Kuroda’s emphasis on wage talks suggests the likelihood of easing at the next meeting on 17-18 December is limited.
Key Quotes
“When we last surveyed client’s expectations, the late October meeting had 22% of participants expecting some form of easing from the BoJ, with a cumulative number of 42% by year end. These expectations were disappointed, with only 8% expecting easing at December’s meeting and the core of views shifted materially later towards Q1 2016.”
“Market expectations for BOJ easing by year-end have already almost disappeared, and the impact of a likely decision of no policy change in December on USD/JPY would be limited.”
(Market News Provided by FXstreet)