The Japanese Yen (JPY) meets with a fresh supply during the Asian session on Friday and retreats further from over a two-week top touched in reaction to the Bank of Japan (BoJ) board member Hajime Takata's hawkish remarks the previous day. The BoJ Governor Kazuo Ueda said the 2% inflation target is not already in sight. This comes on top of an unexpected recession in Japan and tempers speculation that the first rate hike since 2007 could come as early as March. Apart from this, the recent risk-on rally across the global equity markets is seen as another factor undermining the safe-haven JPY. Meanwhile, the US ... (full story)