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Credit Agricole: yes on Japan's FX intervention report on Friday; implications for JPY

Credit Agricole: yes on Japan's FX intervention report on Friday; implications for JPY
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BoJ's Ueda: Neutral rate estimation a unique challenge for Japan

In a speech today, BoJ Governor Kazuo Ueda reiterated the central bank's commitment to achieving sustainable and stable 2% inflation. He acknowledged the progress made in "moving away from zero" and "lifting inflation expectations," but underscored the need to "re-anchor" them at 2%. ....

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Subdued Holiday Trading Precedes Key Inflation Data Releases

Trading has been characteristically subdued in the Monday's Asian session. Japanese Yen is have a broad but weak recovery, with no clear indication of a reversal from its recent selloff. Australian and New Zealand Dollars are also mildly firmer, following rebound in Asian stocks. Meanwhile, Swiss Franc and Euro are among the softer currencies, while British Pound and Dollar are mixed. ....

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