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Flash: Yen weakness on BoJ member comments - BTMU

FXstreet.com (London) – Derek Halpenny, strategist at The Bank of Tokyo-Mitsubishi UFJ noted the comments from BOJ MPC member Sayuri Shirai made overnight.

Key Quotes:

“comments from BOJ MPC member Sayuri Shirai are worth noting”.

“In a speech to business leaders in Tokushima city, she stated that the BOJ would find it difficult to reach its 2% inflation target and that the risks were clearly to the downside, which may require the BOJ to ease its monetary stance again in order to maintain credibility”.

“Of course, Shirai is a known dove and has expressed these views before and hence these comments are …read more