Citi analyst says USD/JPY needs to go to 118 for the BOJ to change policy - ConsultFX

Citi analyst says USD/JPY needs to go to 118 for the BOJ to change policy

Says the yen needs to weaken in nominal terms to allow the Bank of Japan to alter current policy settings    - would make it easier for the BOJ to implement a change as it reduces the possibility of importing deflation Comments from Osamu Takashima, a Tokyo-based chief strategist at Citigroup. Via Bloomberg. Copyright 2015 Forexlive.com