Forex Flash: BoJ to ease aggressively next April 04 meeting – UBS

FXstreet.com (Barcelona) - “At the April 3-4 meeting we expect the central bank will aggressively ease monetary policy and help USDJPY push into a higher 95-100 range,” says Mansoor Mohi-uddin Head of Foreign Exchange Strategy at UBS Macro Research.

“We think Kuroda will push now for the central bank to start raising its quantitative easing sharply,” adds Mansoor, adding: “The new governor has consistently said policymakers should meet market expectations. He's also repeated his view that the BoJ must hits its new 2% inflation target within the next two years. Last, the government will be keen for the Nikkei to keep rising before the upper house Diet elections in July,” the analyst concludes.