New opportunity to buy JPY pairs.
Japan Vice Eco Minister: Govt And BOJ Have Largely Agreed On Joint Statement
The joint statement is likely to be issued on Tuesday. Likely to mention 2pct target. Progress on achieving 2pct inflation target will be ongoing dicussed at CEFP. No decision on timeframe for achieving 2pct inflation target. No decision yet made on whether to add BOJ employment mandate. Wants BOJ to embark on bolder monetary easing – specific steps are up to BOJ.