Re: audusd

JPY Targets: USDJPY 1m 85.00, 3m 95.00 Japan's Sankei newspaper reported that the BoJ is now thinking about easing monetary policy by extending its 3m fixed rate lending facility. The article suggested this could be done in one of two ways: either by raising the ceiling on the scheme from ?20 trn to ?30 trn, or by extending the maturity of the loans offered from 3m to 6m. Later, Japanese Deputy Finance Minister Minezaki said that the Yen's rise has severe effects on the export sector, and that the yen tends to appreciated due to deflation. He did nit comment on FX levels. Prime Minister Kan said he will talk to the economics- and finance minister and to the ruling party in order to discuss possible stimulus steps by end of August. According to an unnamed senior government official right now FX intervention should not be considered. Nevertheless should the JPY continue to strengthen intervention is regarded to be an option.