As much about the speed as the level. What I keep saying. I always chuckle when I hear people talking about the Japanese authorities drawing a line in the sand. If it goes to 82.00 they’ll intervene. Cobblers.

We sit sedately at 84.70.

  • Wants BOJ to make utmost efforts to support economy
  • Expects BOJ to take appropriate, flexible steps in view of situation in markets