News Headline Summary

BoJ may keep easing until 2% inflation target is reached, according to Yomiuri

Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

Analysis details (22:53)

- Earlier today, Abe said the BoJ should target employment.
- The combination of these comments has prompted continued weakness in the JPY since the late US early Asian session.
- There has also been market talk of a Japanese investment bank triggering stops in JPY crosses.
- Small option barriers at 89.00 in the USD/JPY have been knocked out.

10 Jan 2013 - 22:48 - Fixed Income Rumour - Source: Yomiuri/IFR/RANsquawk

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