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BoJ's Amamiya: Weak yen positive for exports and companies operating globally

FXStreet (Bali) - According to Masayoshi Amamiya, BOJ executive director in charge of the Monetary Affairs Department, now crossing the wires, BoJ Gov kuroda thinks that as long as FX moves in line with fundamentals, weak yen is a positive for exports and companies operating globally.

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Weak yen can put pressure on real household incomes

Weak yen can be negative for some small firms and importers

No comment on specific fx levels

AUD/JPY: Relief rally falters at 200-day EMA, downside risks remain

AUD/JPY saw heavy selling since mid Tokyo on Tuesday, with bearish dynamics being re-established leading to a retest of 93.00 bids from a 94.50 high, with current price seeing a modest rebound towards 93.20/30.
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Australia New Motor Vehicle Sales (MoM): 2.9% (October) vs -1.8%

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