We were here a couple of days last week, just above 111 before rejection and a drop
Or was it the week before?
Apart from what has been posted there is no fresh news.
Oh we did get Japanese money stock for June. If that is moving the currency I'll eat my hat.
Money Stock M3 +2.7% y/y
- expected at 2.7 and prior also at 2.7
M2 + 3.2%
- expected and prior both 3.2%
Yesterday BOJ Gov Kuroda spoke. Zero indications from him of any sort of exit from looooooooooooose monetary policy being considered:
- Recap of BOJ Gov Kuroda's speech earlier today
- BOJ Gov Kuroda says will maintain YCC as long as needed to get inflation at 2%
The Bank of Japan meet later this month.
