USDJPY H4 : BEARISH TRAGETS NEAR 158.428 & 147.578.

USDJPY H4 : BEARISH TRAGETS NEAR 158.428 & 147.578.

JPY BEARISH

Any action/intervention that the BoJ may carry out will be short-lived
Mr. Yen says to steer clear of Yen
BoJ not changing policy, intensified interest rate differential game
Japan is still a basket case
Japan inflation at multi-year highs, while BoJ stuck in denial
BoJ still unlikely to change course
BoJ keeps to the dovish script
FX intervention unlikely to prevent yen weakness
The BoJ cannot defend the yen and is unlikely to want to
Increasing divergence between a dovish BoJ and tighter Fed monetary policy

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