Intra-Day News and Views (USD/JPY) & data to be released today: Oct 28, 2014

Intra-Day Market Moving News and Views

28 Oct 2014 01:08GMT

USD/JPY - ...... Statement from BoJ Governor Kuroda, quote:

'-Japan's economy is showing some weakness mainly in output but positive cycle remain intact
-job, income conditions improving steadily
-private consumption solid as a trend with non-durable goods sales emerging from sales tax hike pain
-Tankan shows many firms expect effect of sales tax hike to be temporary
-Japan's economy likely to continue moderate recovery with effect of tax hike seen easing
-consumer inflation slowing somewhat due to recent energy price falls but likely to hover around 1-1.5 pct for time being
-QQE exerting intended effects, japan on steady path toward meeting boj's price target
-Japan only half way in meeting boj's price target
-won't hesitate to adjust policy should risks threaten achievement of boj's price target
-negative yields seen in boj's short-term bill auctions are sign of how powerful effect of boj's monetary easing is
-BOJ is not trying to guide yields to negative territory, it is only consequence of its stimulus policy
-yen weakness so far has been positive for Japan's economy '

Tuesday will see the release of Japan's retail sales, German import index, U.S. durable goods, Redbook, CaseShiller house price and consumer confidence.