Former MOF's Sakakibara aka Mr Yen out on Bloomberg
- USDJPY probably to remain 115-120
- BOJ's Kuroda probably happy with status quo
- concerned about Chinese economy
The man who once could move markets and led the yen depreciation move in the 1990s seemingly losing his super powers as USDJPY fails to rally and falls to 117.65 as Chinese equity jitters continue
Earlier I warned you to expect good supply into 118.00 and I hope some of you took advantage on a high of 118.93.
