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Reaction details (11:06)
- The JPY has weakened across the board over the past 30 minutes, with USD/JPY coming back toward session highs of 82.35; trades 82.24 (+34 pips) last.
Analysis details (11:05)
- Abe, the leader of the Japanese opposition LDP party, has been particularly vocal in his conferences that the inflation target for Japan should be set at 2.0% and unlimited quantities of purchases should be conducted by the Bank of Japan in order to weaken the JPY currency.
05 Dec 2012 - 11:03 - - Source: RANsquawk
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