Domestic conditions aren’t deflationary, but still distant from 2% CPI

  • Expect pace of price increases to continue to pick up in 2018
  • Government declaration that Japan out of deflation, if happens, could help change mindset
  • There is gap between market and US Fed FOMC on future of US rates; Can’t make definitive comment on US monetary policy
  • Could adjust yield target if inflation getting close to 2%
  • Bitcoin is not acting as normal means of payment; Don’t think Bitcoin has any influence on monetary policy ( so each CB’er needs to comment on the Coin now, is it a rule?)

Not there yet on inflation,Kuroda finally pushes  USD/EURJPY up a spread
113.51 , respectively 134/75

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here
K-man

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