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Forex Flash: BoJ to positively surprise the market? - Societe Generale

The BoJ is expected to stay on hold "after disappointing the market somewhat the last time around" says Sebastien Galy, currency strategist at Societe Generale, adding that "it is only in April with the new incoming leadership that a significant step is expected."

Sebastien adds: "This leaves the risks that the BoJ actually does positively surprise the market. Nonetheless, it may be more prudent to wait and buy USD/JPY on the 90 handle, as the risk trade is somewhat stretched."

USD/JPY at 90-100 return to equilibrium, BoJ front runner Iwata says

One of the possible successors from BoJ chief Shirakawa, Mr. Iwata, is making comments with an immediate effect on the value of the Yen.
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Forex: USD/JPY awaits BoJ around 93.50

USD/JPY is currently at 93.48, off fresh session highs at 93.64, after another sample of verbal inverention, this time coming from potentially BoJ incoming new chief Mr. Iwata, making the pair bounce from session lows around the 93.13. Nikkei index also jumps to session highs around the 11300 points, up +0.41% for the day so far. Later on will come key risk even of recent weeks in the form of BoJ monetary policy statement, expected around 03:30 GMT.
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