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Forex Flash: US-Japanese monetary policies start to diverge - BTMU
FXstreet.com (Barcelona) - Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that this is the first time in a while that a clear potential divergence between US and Japanese monetary policy has taken shape.
He notes that given the 2.5% jump in USD/JPY in the wake of the BOJ announcement it is also worth noting comments from San Francisco Fed President Williams who stated that although now was too early to consider a Fed policy shift, by the summer it could be time to taper asset purchases before ending the program “late this year”.
