Bank of Tokyo - Mitsubishi on Yellen, Draghi , Kuroda and what seems dangerous for EUR/USD now
- Yellen's comments (lack of on monetary policy) not unexpected
- Draghi's silence on euro strength
- Kuroda reiterates BOJ easing policy remains in place
- "Dangerous" to buy EUR/USD around 1.2 ahead of this week's euro area inflation - the appreciation of the EUR may have caused inflation to slow
- See limited downside for the USD - cites short positioning, UST yields difficult to fall much further given solid economic data from the US
