Bank of Japan Unlikely to Rescue the Collapsing Yen

With the Japanese yen in freefall and direct FX intervention unable to stop the bleeding, the spotlight is squarely on the Bank of Japan’s upcoming meeting on Friday. While the central bank is expected to revise its inflation forecasts higher, it is unlikely to deliver any meaningful policy changes, keeping the devastated currency under heavy […]

The post Bank of Japan Unlikely to Rescue the Collapsing Yen appeared first on Action Forex.