USD/JPY soars to 77.30.
A 77.50 barrier is in play…
Remember just yesterday an official of the ruling DPJ party advocated a tax of Forex speculation to weaken the JPY.
UPDATE: The plan won’t include an FX tax, DJ reports. It may include boosting a fund set up to finance overseas M&A. The steps will likely be finanlized next week for inclusion in an extra budget.
