News breaking now after all the waiting 2 Aug 2016

  • fiscal measures total JPY 13.5trln

  • JPY 7.5trln in national/local govt spending

  • JPY 6 trln in fiscal investment and loans

  • Govt expects the measures to push up real GDP by 1.3% in near term

In line with expectations that I reported last week . USDJPY drops to test 102.00 but holding again for the moment.

Some traders had hoped for a little more in the wake of the lack of a rate cut by the BOJ last week.