FXstreet.com (Barcelona) - There is no compelling technical evidence suggesting that the yen is about to recover, says Marc Chandler. Global Head of Currency Strategy at BBH.

Marc adds: "The market appears to have discounted additional accommodation, with another JPY10 trillion asset purchases, a doubling of the inflation goal to 2%, and possibly the elimination of the interest paid to banks on excessive reserves. The yen was sold in anticipation of these easing moves; it may be bought back on the fact."