Traders, the Yen weakness in the Forex market could just only be starting.
With an unlimited commitment to Quantitative Easing, a significant raise of it’s inflation rate, and new BOJ officials taking office soon, the Yen may have a long way to go.
In no way is the meeting Thursday expected to be as dramatic as January’s meeting, but powerful statements may still be made by Prime Minister Shinzo Abe. If he hints of any certain individuals who may be the next BOJ Head, that could get some major economic attention.
Since August the Yen has surged around 1600 pips. 95 USD/JPY is a possibility by the time the new BOJ governor is appointed.
What do you think about the new BOJ officials coming into office? What would happen if they were 100% on board with Abe concerning weakening the Yen?
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