USD/JPY will run to north or south ?
What To Expect From BoJ? - Goldman, BofA, Barclays
The following are the expectations for todays BoJ meeting as provided by the economists as Goldman Sachs, Bank of America Merrill Lynch, and Barclays Capital. GS: In Japan, our resident Economics Team expects extensions in the quantitative and qualitative monetary easing scheme to be announced not on this occasion, but at the December meeting. The BOJ will also release its Outlook Report (Outlook for Economic Activity and Prices). The BOJ under-estimated the pullback after the consumption tax hike and clearly needs to cut its FY2014 forecast sharply. However, we expect only a cut to +0.5% - +0.6% (consensus +0.3%) ... (full story)