Forex Flash: Japanese markets closed as Yen bashing slows down – BBH
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USD/JPY
FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that there is growing sense that Yen bashing is starting to slow down.
Finance Minister and ex PM Aso's recent commentary seemed to focus on two way risk and played down the need for dramatic Yen depreciation. They note that the USDJPY 90 level, which would still leave the Yen over valued according to the OECF, has been cited as the Governments objective.
Finance Minister and ex PM Aso's recent commentary seemed to focus on two way risk and played down the need for dramatic Yen depreciation. They note that the USDJPY 90 level, which would still leave the Yen over valued according to the OECF, has been cited as the Governments objective.
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