Forex Flash: No surprises at the BoJ - Societe Generale

Kit Juckes, Global head of Currency Strategy at Societe Generale notes that there was no surprise and no change from the BOJ last night.

With the old guard preparing to hand over the reigns to the new, USD/JPY is in its 91-94.5 range and he expects an eventual break to be to the upside. Further, he adds, a wider Australian trade deficit had no impact whatsoever.