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$USDJPY: Weekly Outlook

FX_IDC:USDJPY   US DOLLAR / YEN
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USDJPY: Update bullish scenario

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The Japanese Yen outperformed in overnight trade after BOJ Governor Kuroda said it was “hard to see real effective rate falling further,” adding that it can’t be assumed that the unit will weaken following a Fed interest rate hike. Kuroda likewise repeated that the QQE stimulus effort will continue until inflation is stable at 2 percent, stressing that the program is not on a calendar-based schedule. The Yen added over 1 percent on average against its top counterparts.
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