Tuesday, 15 May 2012

Rumours BoJ may cut its interest rates on meets May 22-23 2012

forex trading outlook today - Rumours BoJ may cut its interest rates on meets May 22-23 2012 : interesting talks, rumours - no details - that BoJ may cut its interest rates from 0-0.1% to 0-0.05% when it meets next week, May 22-23. The cut is more likely to be symbolic. And BoJ not expected to ease further after the expected April 27 easing and surprise Feb 14 easing. And BoJ Governor Maasaki Shirakawa has warned about risks of reckess JGBs buying.

Separately, some reports that Japan bought 8.3% of EFSF bonds yesterday. EFSF sold EUR960mln in topup of its 5-year bond on Tuesday. With bid-to-cover ration of 2.7, average yield of 1.83% - according to Bundesbank data - Reuters.

Related Post:

No comments:

Post a Comment