The Bank of Japan monetary policy board meeting is on Friday, October 30, this week.
eFX have Barclay’s latest ‘trade of the week’:
“and
we believe scope for further yen weakness is limited due to
undervaluation, a decisive easing by the BoJ could put a sharp upward
pressure on USDJPY, at least in the short term. When the BoJ surprised
the markets with QQE2 last October, USDJPY rallied by more than 3 yen on
the day,” Barclays projects.