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USD/JPY briefly topped Y110.60 before....>

DOLLAR-YEN: USD/JPY briefly topped Y110.60 before pulling back as very limited
risk off flows became apparent re: ongoing protectionist worries/lower Japanese
equities, last dealing at Y110.40, off of lows of Y110.29. Y110.25/20 represents
hourly support for the pair, while Y110.85/95 represents hourly resistance.
- Bank of Japan board member Takako Masai said Thursday that it is appropriate
to maintain large-scale monetary easing because it takes time to achieve the 2%
inflation target. But in her speech to business leaders in Matsumoto City,
central Japan, she also warned against the costs of prolonged easing, saying the
BOJ must carefully watch the developments in economic, price and financial
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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