Forex: USD/JPY breaks through 89.30; Japan's Nishimura emboldens bulls
Forex pairs in this Article » USD/JPY
FXstreet.com (Barcelona) - USDJPY is flying even higher through Asia breaking through resistance at 89.30, after Japan's Deputy Economy Minister Mr. Nishimura said the USDJPY at 100.00 would not be problematic, adding that if recovering the 110-120, then it would add to import costs. He stressed the need by the BoJ to ease further in order to meet its 2% inflation mandate. Finally, he said Europe, especially Germany, has no right to criticize Japan over a possible continuation in Yen depreciation.