 The Japanese Yen has taken a significant hit today, losing ground against all major currencies after BoJ refrained from detailing an immediate plan to taper its bond purchases. In the lead-up to the announcement, expectations were high among traders and investors that BoJ would begin tapering soon, fueled by multiple media reports. However, the central bank only indicated an intention to taper, deferring detailed discussions until its July meeting. BoJ's cautious stance underscores its strategy to wait for the new economic outlook and projections due in July before making any firm decisions. And that's understandable. However, this delay has left the market in a state of uncertainty and unease, prompting speculation on whether there will eventually be a definitive cut in purchase amounts... |
