Forex Flash: BoJ likely to increase APP by another Y10T from Y101T – UBS (Barcelona) - According to Mansoor Mohi-uddin, UBS's Macro Research Head of Foreign Exchange Strategy: “The past week has seen a whole range of comments from Japanese policymakers on the yen. But the stand-out remarks came from Prime Minister Abe's economic adviser Hamada,” the analyst says, adding: “He pulled rank on government cabinet members and claimed that yen weakness to 95 or 100 against the dollar was 'nothing to worry about'.”

Following today's small sell off in USD/JPY from fresh 30-month highs ay 90.24 to recent session lows at 89.42, Mansoor notes that “The BoJ is also likely to increase its quantitative easing Asset Purchase Programme by another Y10trn from Y101trn,” he concludes.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.