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Mar 7, 2013
Forex Flash: Today's BoJ a non-event - BNZ
According to Craig Ebert, currency strategist at Bank of New Zealand, today's BoJ monetary policy decision, the last from outgoing gobernor Masaaki Shirakawa "should prove to be a non-event ahead of next month’s regime change to new Governor Kuroda" he notes.
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Mar 7, 2013
Forex: USD/JPY struggling with the 94.00 round while Nikkei clears 12k mark ahead of BoJ
With Nikkei index closing yesterday up +2.13% at fresh 4-year highs above the 11900 points, USD/JPY is trading slightly below the 94.00 round mark, last at 93.93, off fresh weekly and 7-day highs at 94.12, ahead of BoJ monetary policy statement expected to come out later than 03:00 GMT. The pair is up +0.68% since previous Asia-Pacific open yesterday, and +0.38% for the week, while Nikkei index opens in Tokyo now above the key 12k points mark, highest since Sept 2008, up +0.78% for the day.
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