Adviser to Japanese PM Abe making comments in an interview just out over the wires 13 July 2016
Yen pairs seeing a spike on the headlines
- Japan needs JPY 10trln in fiscal spending
- Japan should expand fiscal and monetary stimulus now to strengthen the effects of Abenomics
- BOJ should buy more bonds not reduce negative rate
- Japan can't end deflation with USDJPY around 100.00
Etsuro Honda was a special adviser to Abe and now Japanese ambassador in Switzerland and we can throw his comments into the melting pot of conjecture.
USDJPY pops to 104.74 before running into fresh sellers. More offers into 105.00