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USD/JPY at 90-100 return to equilibrium, BoJ front runner Iwata says

One of the possible successors from BoJ chief Shirakawa, Mr. Iwata, is making comments with an immediate effect on the value of the Yen.

According to the front runner to take charge as next governor at the helm of the BOJ , "USD/JPY at 90-100 is a return to equilibrium..." Iwata also said there are many ways for monetary policy to boost economy, suggesting considerations for longer-term Japanese bonds and riskier assets like foreign-bond purchases perhaps may also be given consideration (Yen negative).

As additional information for readers, and courtesy of Nomura, he is a proactive on inflation targets, he believe foreign policy is important, as Nomura explains, "he proposed establishing a public-private fund investing in foreign bonds..."

Forex: EUR/JPY cools down below 125.50

EUR/JPY is currently at 125.40, off session lows at 124.19, a +1.31% higher, but still unchanged for the current month of February. The cross retraces from yesterday's high at 126.50, fourth consecutive daily high lower than previous, with Yen not being the weakest currency among majors anymore, at least for last few days. Nikkei index trades flat around the 11250 points mark, with latest prelim GDP q/q data showing a decline of -0.1%.
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Forex Flash: BoJ to positively surprise the market? - Societe Generale

The BoJ is expected to stay on hold "after disappointing the market somewhat the last time around" says Sebastien Galy, currency strategist at Societe Generale, adding that "it is only in April with the new incoming leadership that a significant step is expected."
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