So say sources of Reuters in a report just out 21 Nov
- leaning towards cutting CPI and GDP estimates in next mid-term report due in Jan
A big climb down but a reality check nonetheless if proven to be the case.
USDJPY unfazed at 112.49 but the news would be JPY positive in theory. Depends what story they put around it. I've long- thought they were running out of ammo anyhow and others may be feeling the same so not such a great surprise, perhaps.
One to keep an eye on anyhow.
USDJPY still finely balanced
