zerohedge.com / by Tyler Durden / 04/14/2015 08:15 -0400
It appears being Special Adviser to Japanese Prime Minister Shinzo Abe comes with great prerssure to toe the line – as opposed to advise. Koichi Hamada yesterday said USDJPY 105 was “appropriate” and USDJPY 120 was “too weak”… that sent USDJPY tumbling. These comments were reiterated in the early Asia session and adding that he “doesn’t think JPY will weaken much further.” We wake up this morning and reuters reports that he has entirely flip-flopped his views saying now that “120 is appropriate,” and that he ” would not oppose further easing.” It’s clear someone got a tap on the shoulder…
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