USD/JPY has another go to 116.20

FXStreet (Bali) - Ahead of the European session, and with the NiKkei 225 having recovered most of its losses to currently stay at -0.1%, the USD/JPY has taken off to break through 116.20, setting a new high of 116.30.

The latest attempt to take out 116.20, where Japanese corporates are said to be on the offer, follows further evidence that a snap election and tax delay will be announced by Japanese PM Abe early next week, upon his return from the G20 summit in Brisbane, and once we learn about Monday's JP GDP.