National Australia Bank comments on the higher USD/JPY
Says today's trade data (post here: Japan trade balance for January: Y -1415.2bn (expected Y -1029.1bn)) a sign
- "the BOJ will keep its foot firmly on the easing pedal"
And
- " with the threat of more to come if yen appreciation derails Japan's inflation outlook"
NAB taking heed of Kuroda's comments yesterday:
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And, as a reminder, ICYMI, Kuroda will be speaking again today at 0530GMT: