Having chewed through bids at 99.50 we’ve broken down to a low so far at 99.27. Looks very much like 100 lives to see another day. The question is how far down do we run now. Overnight Wed/Thur we have … Continue reading
Was aimed at beating deflation – We know this already, so this isn’t new ‘news’ – its what Kuroda is saying at present though, crossing the newswires
Japan’s finance minister Aso is speaking in parliament. Also: The G20 understand Japan’s policies
An upper house budget committee may call Kuroda to speak – scheduled from 9am Tokyo time ( 0000GMT).
G20 communique headlines on Bloomberg: G20 pledges to avoid ‘persistent exchange-rate misalignment’ BOJ policy actions aimed at stopping deflation Excess volatility in financial flows had adverse outcome Recovery in eurozone has yet to materialize G20 pledges not to target foreign … Continue reading
On the wires. Also: Said IMF’s Lagarde applauded Japan’s monetary policy – This should be USD/JPY positive, though there have been offers around 98.50 all week
Taro Aso is Japan’s finance minister – he is attending the G20 meeting