This week is an important watershed for the Bank of Japan as new leadership under Haruhiko Kuroda takes over on March 20.
In that regard, BNP Paribas suggests that there is a distinct chance that Mr Kuroda will try to stay ahead of the curve and call an extraordinary meeting of the MPC ahead of the scheduled April 4 announcement.
As such BNPP advises its clients to re-position on the short side of the yen trade to leverage this possible BoJ surprise over the coming days.
"Since we suspect that markets have trimmed their short JPY positions slightly, there is scope for the BoJ to surprise with the timing of easing, which would open the path for a strong rebound in USD/JPY," BNPP adds.
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
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Coming to make a withdrawalhttp://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/03/Boris%20The%20Blade.jpg …
In that regard, BNP Paribas suggests that there is a distinct chance that Mr Kuroda will try to stay ahead of the curve and call an extraordinary meeting of the MPC ahead of the scheduled April 4 announcement.
As such BNPP advises its clients to re-position on the short side of the yen trade to leverage this possible BoJ surprise over the coming days.
"Since we suspect that markets have trimmed their short JPY positions slightly, there is scope for the BoJ to surprise with the timing of easing, which would open the path for a strong rebound in USD/JPY," BNPP adds.
http://graphics.thomsonreuters.com/BV/Cyprus.html