- BOJ does not guide policy targeting asset prices alone
- BOJ will take into account impact of asset price moves on economy in guiding policy
- Markets move on various factors, not just on monetary policy decisions
- Current fx moves driven largely by investors’ falling risk appetite amid Europe debt woes
USD/JPY steady so far this morning, presently at 78.77.
Talk of 78.50 barrier option interest. Ahead of that we’ve got the 200 dma lying at 78.59/78.60/78.61 take your pick. Nice to have choices.
