Yen sellers shrug off possible BoJ intervention
According to reporting by Bloomberg, it is likely the BoJ injected ¥5.5 trillion into currency markets after early Tuesday’s BoJ operations reporting showed a wide discrepancy between market forecasts and the BoJ’s reported current account. Investors expected BoJ market operations to amount to approximately ¥2.1 trillion, but the final report clocked in a wide gap, showing ¥7.56 trillion in financing operations.
Markets will be looking ahead to early Thursday’s latest Monetary Policy Meeting Minutes from the BoJ as investors look for signs the BoJ will finally be pushed off of its hyper-easy monetary policy perch and begin lifting interest rates
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