Comments out a few moments ago from Abe adviser
- doesn't think BOJ will ease further for now
- risks of further sales-tax hike outweigh benefits
Helping the shove back down to 113.51 but holding so far with good demand noted.
Previously Hamada has said USDJPY 116-118 is not a big risk to Abenomics so the headline today not too outrageous.
He seems a little undecided/changeable on further BOJ easing though with some focus on the Fed following that up in Jan saying further easing still needed.
We'll find out soon enough when the BOJ announce their latest decision tomorrow ( Tues).