Ooooops.

  • BOJ should increase monthly JGB purchases by 20%
  • Should target 2% inflation

Nakahara says BOJ should increase bond purchases by a fifth and double inflation target at its next meeting on Friday.

If they did, that would make the USD/JPY bulls very happy (I’m sayin that, not Nakahara)

USD/JPY up marginally at 81.00 from the 80.85 that greeted me first thing.