Trading the Bank of Japan Rate Decision
Wednesday, December 21st, 2011 at
7:48 am
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The Bank of Japan is expected to announce its interest rate decision at its meeting scheduled for Wednesday December 21st. The BOJ is expected to keep rates on hold near zero. Markets are waiting to see if the BOJ will increase the size of the Asset Purchase Program. The Japanese government is under pressure to weak the Yen which reached which reached historic high of 75.50 against the U.S. Dollar in 2011. The Japanese government has intervened twice directly in the currency markets in an effort to weaken the Yen. The USDJPY moved lower on risk sentiment as the two year European debt crisis refused to go away.
