Yen Traders Signal Risk Kuroda Falls Short as Volatility Jumps
- Citigroup warns yen may strengthen beyond 100 per dollar
- No BOJ action would be a huge disappointment, Ueno says
Yen Jumps Most Since Brexit: Will BOJ Surprise Markets?
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Bank of Japan Governor Haruhiko Kuroda has never been one to be swayed by market expectation. But this week, investors are leaving him very little room for maneuver.
Four in five economists predict additional stimulus Friday -- the most since Kuroda presided over his first policy meeting in April 2013 -- with an increase in purchases of exchange-traded funds the most likely option, followed by a deeper cut in the negative deposit rate. After inaction at the previous two policy meetings sparked yen rallies, Citigroup Inc. warns the currency could surge about 5 percent toward the 2 1/2-year high of 99.02 per dollar it hit after the U.K. voted to leave the European Union.