Headline out a short while ago
- desirable that fx moves are in a range that reflects fundamentals
- QQE will continue until 2% inflation stable
- won't hesitate to adjust policy if needed
- doesn't think there will be an obstacle for JGB buys
- keeping fiscal trust is very important
That headline is kicking in and giving the yen some real love. BOJ have been hinting at this for a while but no one seemed to take any notice
USDJPY down from 124.40 to 122.97 EURJPY 138.93 from 140.50
