Flash: JPY weaker on BoJ – Danske Bank

FXstreet.com (London) - Danske Bank strategists noted that Japan (BoJ) left its policy unchanged this morning as expected.

Key Quotes:

“BoJ said the Japanese economy has been recovering moderately and that the bank will continue monetary easing as long as necessary to reaching and maintain the 2% target in a stable manner”.

“JPY has weakened further in response and expectations are rising that BoJ will have to increase purchases next year when the fiscal tightening hits”.