News Headline Summary

Japanese opposition party considers BoJ law changes according to Nikkei

Reaction details (20:00)

- In the 6 minutes following the news USD/JPY moved from 81.229 to 81.368 a 139 pip move to the upside.

Analysis details (20:04)

- The Liberal Democratic Party decided on Monday to include a review of the BoJ Law in its campaign promises for the Dec. 16th lower house election. The LDP aims to display its intention of involving the BoJ more in the fight against deflation, with reports suggesting it is looking to adopt a 2% inflation target, the inflation target currently is at 1%.

19 Nov 2012 - 19:52 - Forex Economic Commentary - Source: Nikkei

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