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Forex Fash: Will investors buy on Japan's policy facts? - Nomura

In the investment community, 'buying the rumour and selling the fact' is a usual practice, the clearest example being the rise in USD/JPY this year. According to Richard Koo, chief economist at Nomura, "whether investors will “buy on the fact” will depend on remaining two initiatives."
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Japan's retail trade figures above expectations

Japan's retail trade figures for the month of January came at +2.3% on a month by month basis, surpassing the +0.9% expected number. Meanwhile, the yearly read came at -1.1% vs. -1.5% y/y expected. USD/JPY traders have retaken the 92.00 handle, where the pair operates quiet after the release.
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