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Forex Flash: BOJ minutes saw a 2% inflation target debate - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale comments that the overnight BOJ Minutes saw a debate about the 2% inflation target that has now been adopted.

He notes that some members opposed the target on the reasonable grounds that since inflation hasn't been that high for over twenty years, there was a risk they might not achieve it now. With a new Governor and two new Deputy Governors set to be appointed soon (the Governor next week), he feels that these minutes feel somewhat out of date, and the debate odd. He writes, “BOJ policy is to throw the kitchen sink at the problem of persistent deflation. From the narrow perspective of an FX strategist, that mans doing all they can to weaken the yen without saying so too loudly.”

Forex Flash: USD/JPY and AUD/USD see some upside - OCBC Bank

Emmanuel Ng of OCBC Bank notes that both USD/JPY and AUD/USD have a slight upside bias overnight.
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Forex: EUR/USD back to 1.3352 ahead of Spanish auction

The bloc currency has recovered the 1.3350 region after dipping to sub 1.3340 levels on Tuesday, ahead of the Spanish auction of 3-m Letras due later, preceding the more relevant ZEW Survey in Germany and the EMU...
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