Thoughts and commentary heading into June Bank of Japan
Policy is already “out” via media - scale down JGB buying, potentially into “QT” territory, but structurally unable to make decisive JGB buying changes on paper. JPY to remain flat or weaken.
Heading into June Bank of Japan policy meeting
In case you missed my Substack Note that I wrote an hour before June FOMC (Wednesday 1PM EST)
God dammit Nikkei..😒
Alright 🇯🇵BOJ policy just front-ran 🇺🇸FOMC:
“The central bank currently aims for monthly purchases of around ¥6tn, has informed the market of plans to purchase between ¥4.8tn ~ ¥7tn of bonds p…
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