News Headline Summary

BoJ to commit to 2% inflation target according to Jiji

Reaction details (16:57)

- USD/JPY moved 18 pips higher in reaction to this news, going from 88.51 to 88.69.

Analysis details (16:57)

- Japanses PM Abe said on Sunday that the BoJ needs to state a clear 2% inflation target in a joint statement later this month, in a way that sets the direction for implementing monetary policy and beating deflation plaguing the nations economy.

15 Jan 2013 - 16:53 - Forex - Source: Newswires

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