Yen keeps strengthening after Tokyo decided to postpone the tax raise, which was planned to be executed next year. Demand on yen increased after Takehiro Sato, one of the member of BOJ policy council said that the central bank should reform their policy work frame in order to reach inflation target at 2%. Sato is well known for his criticism on Haruhiko Kuroda’s policy approaches.
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Eko Trijuni has been trading forex full time since 2005. He is now the Head Market Analyst for FOREXimf.com. His specialty is technical analysis.