The bank of japan will stay put for now – TDS

By FXstreet.com | September 03, 2014 AAA

FXStreet (Guatemala) - Analysts at TD Securities commented around the conditions of the forthcoming BoJ decision.



"Although economic data has been surprising to the downside more or less consistently for the last two months, inflation data has come broadly in line with the latest BoJ projections".



"The BoJ will stay put until the rebound from the sales tax economic slump and the gradual pick-up in inflation are either confirmed or denied by the data".



"Technical factors suggest the rise in USD/JPY may be experiencing "altitude sickness" above 105, just as it did in late 2013 around similar levels".



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