The BOJ mimutes are out and USD/JPY has gone slightly bid.
The Government’s representative at the meeting asked the BOJ to take steps to beat deflation. Some said that they should act quickly to if needed for the economy to fully recover. A few said that monetary easing is working due to a decline in real interest rates.
USD/JPY us at session highs at 90.35. Resistance is at 90.45 and stops are seen just above the 90.50 level, traders report.
