Yen has regained its footing back from the doldrums last week posing a strong show against Dollar this week so far. Focus is on Friday, when Bank of Japan (BOJ) policymakers will to meet to decide next move in monetary policy.
Till the time mood has been set by Koichi Hamada, key economic adviser to Japanese Prime Minister Shinzo Abe who suggested no action needed from BOJ in next meeting or two. According to Mr. Hamada, as long as Jobs to applicant ratio and unemployment rate remains tight, BOJ can choose to wait before further action. He also added that as long US monetary policy is keeping the Yen weak, BOJ may take a breather.
On the other hand equities are also lending a hand to Yen, which are in back foo ahead of FOMC tomorrow. Investors are marginally moving into safe havens such as Yen after four weeks of consecutive rise in equity.
Weak Dollar is also contributing to Yen's rally.
Yen is currently trading at 120.4 against Dollar, up close to 100 pips against Dollar since Friday's high.


Banking scandal rocks Brazil’s politics and the country’s presidential election in October
Who should own the knowledge that underpins AI technology?
Synthetic data could ease people’s concerns about privacy breaches. But who gets to create it?
AI is supercharging money scams – here’s what you can do to protect yourself
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise
Unsustainable – or manageable? We don’t yet know how data centres will impact Australia’s environment
1 in 3 uni students experience serious financial hardship. Could concession cards for all help?
China’s robots can run faster than Usain Bolt – now they are being prepared for war 



