BOJ to keep all YCC settings unchanged – BofA BOJ CentralBanks USDJPY Banks
Key quotes
"That said, we think it will take some time before pressure over the yen dissipates. Japan's trade deficit has expanded and remains wide. Japanese companies have accelerated outward M&A activity since March. The new university fund is likely to invest into foreign assets. A dip in USD/JPY is likely to be bought from Japanese companies and investors.”
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