Abe's adviser Hamada: BOJ should ease until USD/JPY hits 100.00

FXstreet.com (Barcelona) - Following Friday's comments by Abe's economic adviser Koichi Hamada, which led the USD/JPY to hit a fresh high at 90.18, over the weekend, Mr. Harada reiterated his bearish Yen view by affirming that the Bank of Japan should continue its ultra-loose monetary policy - easing - until USD/JPY reaches the big round number 100.00. According to Mr. Hamada, who was quoted by Dow Jones: "When Lehman Brothers collapsed, the dollar was around Y110, it is still Y90. If it returns to Y110, that would be too much yen weakness for Japan. But the BOJ should continue to ease until Y100 levels vs USD", he said.