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Pressure on BOJ to act mounts as deflation persists

Gerry Davies
26/10/2012 | 05:18 GMT

‘The fifth consecutive annual drop in core concumer prices reinforced market expectations that the Bank of Japan will boost its asset purchases, probably by 10 trillion yen, next week in response to a slew of worsening economic data.’

Question for USD/JPY traders now, is how much is a possible 10 trillion asset purchase boost already discounted in the present 80.00 level?

We sit at 80.07.

Sell orders clustered up at 80.30/50 ahead of 80.50 barrier option interest.

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