BOJ action possible if strong JPY threatens inflation expectations – Japan PM advisor

FXStreet (Mumbai) - A week after BOJ’s unsuccessful attempt to weaken Yen, the Japanese PM advisor was on the wires stating more action if strong JPY threatens inflation expectations.

Bank of Japan surprised markets by moving rates to negative rates last Friday. The resulting sell-off in Yen was quickly undone this week.

PM advisor called BOJ’s move as a surprise.