"BOJ's Impending Move: Impact on Yen and Global Markets"
TL;DR Summary
The Bank of Japan is expected to end negative borrowing costs and terminate its yield curve control scheme, potentially signaling a shift from its ultra-dovish stance. Traders are advised to focus on the central bank's guidance to gauge market reaction, with a gradual withdrawal of accommodative policies likely to weaken the yen, while a hawkish stance could lead to a bullish response. Technical analysis suggests potential resistance at 149.70 and 150.85 for USD/JPY, with support levels at 149.00/148.90 and 147.50/146.50.
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- BOJ Live Updates: Global Markets Await Japan's Negative Rate Decision Bloomberg
- The End of Japan's Negative Rates Will Be a Slow-Moving Tsunami The Wall Street Journal
- What would the BOJ's stimulus exit look like? Reuters
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