Then again he always says that
- Japanese economy gradually emerging from slowdown
- Looking at ways that BOJ can boost growth
- CPI seems to be rising gradually
- Uncertainty remains on impact of rising commodity prices
- Recent upbeat US economic reports are not entrenched
USD/JPY is towards the bottow of it’s 30-pip session range. Some early fixing demand helped support but there seems to be a constant stream of offers from Japanese corporates. Bulls are hoping that Kampo will appear near 82.50 and the stops are building below 82.25.