27 Oct 2016
Yen stable on Japanese press "BoJ ... extend time frame for inflation goal"
The news wires over the idea that the BoJ will put off trying to meet their inflation target are hardly a surprise and hence there is no market reaction again today from the
Japanese press and Sankei suggesting that BOJ is delaying the time frame for meeting its 2% inflation target. The BoJ, who seem reluctant to ease further, is way off their target and we will have CPI later this week from Japan to demonstrate just that. USD/JPY is steady above 104.50.