BoJ won't walk the walk - Swissquote
Verbal action from Japan's central bank has been enough so far, says Swissquote's head of market strategy
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The Bank of Japan (BoJ) will shy away from intervening in currency markets to halt further gains in the yen as macroeconomic fundamentals do not support a significantly weaker currency, says Peter Rosenstreich, head of market strategy at Swissquote Bank, which came top of last week's one-month forecast tables.
"We are not enormously scared of the BoJ because they don't have fundamentals on their side and they have exhausted their tools in order to debase the yen
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