All 3 BOJ nominees expected to be confirmed by Japanese parliament

The meeting takes place today and only the the nomination of the extremely-dovish Iwata seems to be in question.

• If all 3 are accepted it would normally be seen as Yen negative, but then again much of this is already written into the market.
• The bigger danger would seem to be that we may get some rejections, and that could lead to heavy Yen short-covering.