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USD/JPY higher despite a weak dollar

FXstreet.com (London) – The JPY is under-performing broadly and the dollar is weaker against most major currencies but stronger against the yen.

“The 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”, explained Lee Hardman, strangest at Bank of Tokyo Mitsubishi. With the BOJ easing aggressively already the prospect of …read more