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Forex Flash: One month target for USD/JPY remains at 92 - Westpac

The USD/JPY moved away recently from multi-year highs and analysts at Westpac see that the decline could continue as they have a one-month target fort the pair at 92. “Yen bears are running out of fresh news to inspire JPY decline, potentially setting up for a sharp reversal. Our one month USD/JPY target remains 92. USD/JPY is last at Asian session lows 94.12.
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Forex: USD/JPY dips to 94.10 lows post-Kuroda

USD/JPY has been accelerating loses as of late, last at fresh session lows 94.12, down from NY session highs at 94.53, at the time new BoJ chief Kuroda is speaking before parliament. The recently elected BoJ governor is not giving much of new details ahead of upcoming April 04 BoJ meeting, which is not helping Yen sellers to pursue further loses but instead take some quick profits. Fin Min Aso is currently speaking, saying 2% inflation target in 2 years is not an easy task, ForexLive reports.
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