The one notable mover in October has been significant JPY weakness. This has been very marked. So, the one question that was crucial was, ‘Is the BoJ worried about this?’ The answer is ‘no, not at all’. So, the one question that was crucial was, ‘Is the BoJ worried about this?’ The answer is ‘no, not at all’. The BoJ is quite happy to see more JPY weakness. BoJ’s Governor Kuroda said: JPY moving within the range of current fundamentals, The yen has weakened a ‘small amount’. With this major concern out of the way, the rest of the meeting was entirely unspectacular. The BoJ maintained policy settings with rates kept ... (full story)