Nishimura is on the wires and his comments are giving USD/JPY a sharp boost higher tripping some buy stops through 89.30 to highs of 89.46, before easing back to 89.30

  • USD/JPY at 110-120 adds import costs
  • BOJ needs to ease more to reach 2% inflation
  • Europe has no right to criticize Japan over the yen

Bloomberg reporting