News Headline Summary

USD/JPY continues to hover near lows and in close proximity to intraday option expiry level seen at 82.00

Update details:

- 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.

Print 09:09, 26 Nov 2012 - FX Flows - Source: RANsquawk