Bank of Japan Plays It Safe, Will JGB Tapering Be Cut?
The Bank of Japan (BoJ) is expected to keep short-term interest rates unchanged at 0.5% after its two-day June monetary policy review ends on Tuesday
In the absence of quarterly economic projections, all eyes will be on the BoJ’s plans to taper its purchases of Japanese government bonds (JGBs) and hints on the timing of its next rate hike. The BoJ’s policy announcement is likely to trigger volatility around the Japanese Yen (JPY).
Source: FXStreet