Sumitomo Mitsui Banking Corp: USDJPY could undo all the Abenomic gains to fall to 85.00

Market news

25 August 2016

Sumitomo Mitsui Banking Corp: USDJPY could undo all the Abenomic gains to fall to 85.00

BOJ may drop inflation target time frame at September meeting
May flag external factors like oil and slower global growth as impediments to hitting inflation goal, even while saying the correct policy actions have been taken
BOJ may change QQE range to ¥70-90tn from current ¥80tn
Would be difficult for BOJ to cut rates further into the negative
USDJPY could undo all the Abenomic gains to fall to 85.00

Japanese investment in foreign bonds fell

Options levels on thursday, August 25, 2016:

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