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Bank of Japan and helicopter money?: Hardy
John Hardy, head of FX strategy at Saxo Bank, thinks that the Bank of Japan may initiate a 'reasonably sized stimulus measure' before implementing helicopter money. This could happen after the US election as the Bank of Japan needs to feel comfortable before the next phase in quantitative easing can begin.
Hardy thinks that the market may be getting ahead of itself in expecting helicopter money.
01:24 minutes
Tags: bank of japan, boj, forex, helicopter, saxo bank, saxo tv, saxotv, stimulus, tradingfloor.com, us election, usdjpy, yen
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