A $216 bln Japanese stimulus package could give the yen a fresh boost and not by goosing the economy. Keeping $260 bln on-shore rather than sending it overseas into higher-yielding assets should support the local currency. USD/JPY is consolidating at 92.65, less than 2 yen from trend lows set back in late October.
Overnight, Japanese Q3 GDP slipped a sharp 1.8% on an annualized basis.
