USDJPY

January 23,

Attention is paid to the BoJ president’s press conference

The Bank of Japan Monetary Policy Meeting is the biggest attention event today. The policy itself seems to be sure to maintain the current situation, and market interest is gathered at the interview of President Kuroda. As many of the central banks of developed countries steer the normalization of monetary policy, the view that the Bank of Japan will follow it also is spreading to the market. It was caused by the fact that the Bank of Japan reduced the purchase of long-term bonds by the beginning of the year.

As the long-term interest rate in the US is on the rise, if the BOJ emphasizes the easing of the BOJ’s easing stance, there is a possibility that the dollar will rise and the yen will depreciate.