I’m not sure what caused the spike in both the Nikkei and USDJPY immediately after the wires reported PM Abe’s decision to raise the sales tax, but the yen is now higher again as the Nikkei falls once more.
I guess they were unsure of what the cushion may include in the economic package as that detail is yet to be revealed
14,521.07
USDJPY 98.05 EURJPY 132.91
