Analysis details (09:09)
- JPY strength evident across the board this morning after the Bank of Japan minutes from the October 30th meeting showed that the BoJ will maintain easing until 1% CPI has been reached. Minutes said members proposed to strengthen commitment to easing policy, there should be no upper limit to its lending facility and CPI will move toward 1% in 2014.
- The fact that the BoJ did not discuss targeting higher inflation, as urged by Japan's main opposition leader, provided markets with an opportunity to book profits on recent JPY weakness.
26 Nov 2012 - 09:09 - - Source: RANsquawk
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