أشرف العايدي على سي ان بي سي العربية -- 03 أبريل 2013
Apr 3, 2013 15:33
Telling CNBC Arabia that yen traders await Thursday's BoJ decision, which will be scrutinized for whether governor Kuroda succeeds in producing a majority vote in favour of an increase in the amount of assets buys and extending the duration of bonds under the asset purchases program (APP to five years or longer, from the current three years.
There is also the contentious "bank note rule", which stipulates that total asset purchases by the central bank may not exceed total bank notes in circulation so as to avoid monetizing of the debt.
The worst from Cyprus is gone as long as there are no signs that haircuts on deposits spread to other Eurozone nations.
Both ADP and services ISM were a disappointment, which is leading to fresh yen strength vs USD.
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