- Up to BOJ to decide what steps,
- Strong yen could hurt corporate profits
- Expects H2 recovery on the back of reconstruction demand
Nothing new here with USD/JPY still rotting in a 10-15 point range
There are bids sitting down at 77.15/20 and offers up around 77.50 ahead of stops on a break up through 77.75
Little in the way of stops downstairs, which tend to suggest the focus is a wary one to the upside after talk in Asia of some potential G7 intervention at the weekend
