Why do I get the distinct feeling the Japanese government has waited long enough for the upward....in usd/yen.....tonite would be a good start for them, I wish the best with their Abe....enomics. Twill work, probably, I don't fully understand the plan....2% inflation target.....
... If only the current administration could yield to a 2% inflation target or growth in the money supply, using real government statistics from John William's Shadow Stats, not the BS manipulated government data like CPI...
I think right now what is moving the markets is the US partisan talk of the debt ceiling and geopolitics. It has been this way for days now.
I don't think BoJ wants this to go too high too fast, just like The Fed doesn't want to do too much too quick (I think that is their big fear), and my guess is it won't be until next week when GJ starts to see some strength again. Until then, it's more likely to sell off in my opinion, or simply range. I have noticed that the "big moves" do not tend to start on days preceding the weekend, but rather just after the market opens, on a Sunday or Monday, for example.
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