Koiche Hamada, adviser to Japanese PM Abe
Hamada at it again - the headlines crossing Bloomberg again (they were out overnight)
- Yen can deviate 10%-20% from its appropriate level
- Says yen at 105 per dollar would be appropriate
- Says yen at 125/dollar wouldn't be justified
- Says he doesn't think yen will drop much further
- Says yen selling is approaching limit
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Let me repeat - these are comments already reported overnight (see the link to Adam's post, above). They are not new, but they are crossing the Bloomberg terminal again. But, who are we to argue with the market? USD/JPY a little lower on them.
