The report gave a reason to buy back the yen. An end of the easing monetary policy is just a matter of timing.
More Quotes from Nobuo Kihara:
The dollar lost some of its recent gains on profit-taking as there was little news for the market.Nobuo Kihara
The yen's weakness against the dollar in Tokyo has been inherited from overseas trade on interest rate differentials.
Nobuo Kihara
The yen was sold as the market anticipated that Japan's short-term interest rate would continue to remain at almost zero.
Nobuo Kihara
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