3
Thoughts on JPY reaction to recent BoJ rhetoric
Watching $NZDJPY today, currently around 92.057. The pair is down slightly, yet the BoJ's recent dovish undertones haven't really translated into sustained yen weakness against everything. Seems like the market is still skeptical about any real policy shift. I'm keeping an eye on whether any further hawkish signals from the RBNZ could push it lower, or if JPY simply finds a floor here after the initial reaction.
1 comments · 3 points
I'm still trying to get a feel for how the market really interprets the BoJ's language. It seems like sometimes the market just shrugs off their statements, but other times there's a big move. Is it just about the actual policy changes, or do analysts also look at the subtle shifts in wording?