Headlines crossed earlier today: Former BOJ member Shirai - BOJ should not ease more this month
More from Bloomberg now:
- "I don't think the BOJ has a lot of room left to cut the rate further"
- "It's a tough situation for the BOJ as the yen advanced rapidly, but further easing doesn't necessarily stop that"
- "It's possible that action now would invite more demand for stimulus from markets and then more speculative trading. This should be avoided."
More here
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Shirai's comments have been cited as a catalyst for the USD/JPY move below 108 in early NZ time. USD/JPY subsequently bounced to around 118.20 but its since been a lot lower and is currently around 117.90
