Flash: JPY weakening trend – BTMU
FXstreet.com (London) – Lee Hardman at The Bank of Tokyo-Mitsubishi UFJ noted the Yen‘s weakness.
“The yen’s weakening trend has resumed since the middle of November. BoJ Governor Kuroda has speaking again overnight at a forum and reiterated that the BoJ’s commitment to their 2.0% inflation target is “very strong”.
“He also noted that there is a still a way to go to meet the “very ambitious” 2.0% inflation target, while expressing a readiness to adjust policy if needed to meet that target”.
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