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BoJ minutes overshadowed by Aso's headlines

The BoJ Minutes has been overshadowed by recent comments from Japan's Finance Minister Mr. Aso, who said there is currently no plans to buy foreign bonds through plans.

Such comments were ironically a contradiction of what Japan's Economic Minister Mr. Amari said right at the same time, noting that foreign bon purchases in an option, comments that are in line with Japan's Prime Minister Mr. Abe from yesterday.

Back to the BoJ minutes, the minutes showed certain reservations from a few members with regards to the upgraded economic outlook for the country, after the statement read that the economy is thought to return to a moderate recovery path. Besides, two BoJ members said extending the maturity of BOJ bond buys was an option.

Forex: USD/JPY selling-off on Japan's FinMin comments

The Japanese Yen is trading higher as the rhetoric game by Japanese politicians continues. This time, Japan's finance mininister Mr. Aso is the one talking the Yen up saying the country is not considering revision to BoJ law, adding that foreign bond purchases are not being considered at the moment. As a reminder, this last headline somehow contradicts what Mr. Abe said yesterday.
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Forex: USD/JPY dips to session lows post-BoJ minutes

With BoJ minutes just released, on an upbeat tone, and Japanese officials making statements related to uncertainty in selecting next BoJ governor, USD/JPY had a small hit printing fresh session lows at 93.58, last at 93.61, retracing from yesterday's weekly highs at 94.22, leaving the pair almost flat for the week so far. Nikkei index opens down -0.63%.
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