BoJ policy assessment is likely more evolution than revolution: The MUFG Global Markets Podcast

Upward stress has been building for USDJPY as U.S. rates rise. Even so, Tokyo market speculation about the BoJ’s findings in its assessment of monetary easing due this month has also impacted the JGB market. Japan stock prices have started to rise again, led by U.S. stocks, after dropping sharply. Pricing for Yen cross assets will likely by driven by the BoJ’s policy assessment unveiled March 19.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido offers his outlook for the BoJ’s March board meeting and reviews JPY flow of funds and cross-border securities investing. He also shares his outlooks for Dollar/Yen, Yen basis, and Yen rate.

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