BOJ gov Kuroda speaking in parliament 22 March

  • BOJ easing is for achieving inflation target
  • BOJ's intentions for easing are understood by G20
  • no concerns among G20 on BOJ easing

And our survey says...Seems like Kuroda struggling to convince his own politicians even if G20 do understand.

  • G20 not moving to support protectionism

Let's see where we are in a year or two's time on that one.

USDJPY 111.57 after running into offers/res around 111.65 after the earlier 111.33 lows