Japan's chief cabinet sec out across the wires
- Japan's financial system remains strong
- expects Japan's economy to recover, based on strong labour market
- JGBs being bought as safe-haven asset
- JGB gains will lower lending, mortgage rates and have positive impact on economy
Monitoring and doing anything are too quite different things but it looks like traders are taking a bit of profit off the table after the big yen moves of the last 24 hours.
USDJPY back up to 115.27 in a strong rally from 114.85. Expect rally sellers into 115.50 with a decent line of demand/support 114.85-115.00
