US ratings agency Moody's out with a note on Japan 19 Oct

  • 2018 GDP f/c 1.1%
  • positive developments provide evidence of traction of policy stimulus
  • expect mon pol to remain accommodative for some time
  • debt affordability will continue to improve in next few years as debt refinancing continues at lower rates

Ah, the heady aroma of cheap money continues to attract suitors but beware of side-effects.

USDJPY up to 113.13 session highs. More offers/res around 20-25