BoJ chatter and global jitters; looking of USD/JPY bounce - OCBC Bank

FXStreet (Guatemala) - Emmanuel Ng, FX Strategist at OCBC Bank noted the market chatter around the BoJ of late.

Key Quotes:

"Amid market chatter that the BOJ may reduce its CPI projections for the coming fiscal year and with the Fed’s Kocherlakota expressing unease with low long term yields, expect USD/JPY to potentially bounce beyond the short term if the JPY manages to work through the current global jitters".