Japan finmin Taro Aso speaking to reporters in Tokyo

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  • Wants BOJ Governor to work to beat deflation

Well, yes … obviously

Author: Eamonn Sheridan

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time zones. He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of Melbourne in Australia and lives in New South Wales.

2013-02-27T23:13:52+0000

All|Asia Pacific

Eamonn Sheridan

4 Comments

  1. thats it aso .. keep saying beat deflation .. get those algos whirring again :)

  2. at some point market is oblivious to further statements, statements, mere words, which have made usd/jpy up over 1500 pips bottom to top.

    market will need actual evidence of policies, and even which may even cause a “sell on fact” response if not perceived to be enough printing.

    yen pair is vulnerable to corrections. and with the factor of stop losses, we could see a healthy retrace into the high 80s.

  3. @ nihal .. try telling an algo that .. its programmed to shoot first and ask question later!

  4. anyway my view has been for a while that the yen was overvalued on a fundamental basis previously anyway .. the BOP has reversed with japan importing more than they export for the first time in .. well ..ever come to think of it. then on top of that youve got a government and soon central bank intent on weakening the currency through monetary policy (depite what they spin at gloabl summits). i cant see how yen can go up with all of these pressures. nothing is there to support it at all?

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