Japan government, ruling bloc considering adopting new numerical target to tackle deficit, with two options on table – Nikkei

• Japan government targets to halve primary balance deficit of central, local governments in fiscal 2015 and achieve surplus by 2020
• Government’s other target is to cut the deficit to within 6% or so of GDP by fiscal 2015 and 3% by fiscal 2020

Earlier USD/JPY tripped stops in 93.20/25 area on way to session high 93.40. We’re presently back at 93.25. As mentioned earlier real money has been notable buyer of this pairing today.