BOJ’s Kuroda Vows to Continue Easing Until 2% Target Achieved

I confess that I do not know where their target is. However the current entertainment is Greek-Cypriot, combined with Bernanke bull-dozing, and that is all strengthening the Yen. I do believe that parity with the dollar-cent is a short-term goal, but how quickly they wish to achieve 150 is difficult to gauge.

94.0 looks like a SR point, and also coincides with the daily 50 EMA. So I am expecting a push north again, but maybe not until after the month-end.

First the government and now BOJ are wanting to weaken the Yen more through talk than action, printing money will increase costs on fuel and imported raw materials, but will it stimulate demand and therefore growth. Japan seems to be struggling with an ageing population that does not need to spend in the same way a young married couple planning a family would.

The government may well spend the new printed cash on infrastructure and public building which will generate work and more disposable income, but this spending power will be from printed cash not money coming in from overseas sales, that money will be in the hands of the large manufacturing companies and unless they give their workers pay increases, thus more disposable income nothing will change.

From what I see Japan has a supply and demand issue too much product equals deflation when the demand in not there.

Don't you think they have already done that and now unless we get any more entertainment the Yen will go through a natural cycle retrace before weakening further?

But....but...but....where's the 'Bold Action' rhetoric???

I don't care if they talk or print, so long as they succeed in weakening the Yen

I love Kuroda, I think I will send him some flowers....

Keep on prompt this news =.=

But I think this is a hint of seeing a strong Yen

Nothing will happen. All BOJ members can only talk nothing else.....

Hahaha they 'will'
BOJ always use 'will' auxiliary verb. May be they are afraid to use 'are'.....

Lion's roar......

breaking ... looks like markets may crash today (unconfirmed), closed out all positions except short euro. dow futures june contract s/r at 14471, 14431,14380, 14336, 14291

So what does 2% inflation mean in terms of a speific USDJPY or a EURJPY value??That's what would be important to traders/