JPY crosses/USD/JPY

JPY: Growing expectations ahead of PM Abe’s speech this morning

One other important risk event to take note of is the planned speech by PM Abe, which I believe is happening at 11am Tokyo time. This is not an official government event, which suggests that the PM is more likely to stick to a very general story rather than policy specific.

One of the Bank of America analysts reports the possibility that a ‘wage growth’ goal may be announced, but again specifics are probably going to be very light on.

I’m not sure what to expect from this speech but its best to be aware that its happening and position accordingly.

 

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