Hints of a change to BoJ's ultra-dovish monetary policy could see USD/JPY sell off again – ING

USD/JPY gained nearly 300 pips last week. On Friday, BoJ Governor nominee Ueda speaks. Hints of change to the BoJ's ultra-dovish monetary policy could pummel the USD/JPY pair, economists at ING r eport.

Hearings for the new BoJ governor

“On Friday, nomination hearings will take place for new Bank of Japan Governor, Kazuo Ueda. He is seen as more of a pragmatic academic than the ultra-dove of his predecessor, Haruhiko Kuroda.”

“Any hints of a change to the BoJ's ultra-dovish monetary policy could see USD/JPY sell off again – dragging the broader Dollar with it.”