Across the wires…
Haruyuki Toyama, the Jap CB’s Head of Financial Markets Dept, is quoted in an interview saying that confidence restoration in Eu banking sector ‘will take time'; he also opined that market jitters are result of little progress being made in dealing with the root cause of European debt ‘woes’…
He refrained from comment on JPY’s recent strength other than ‘ sharp currency moves affect household and corporate activity’….
Hardly deep and meaningful !
Current Levels USD/JPY87.95 EUR/JPY110.30
