Forex: USD/JPY selling-off on Japan's FinMin comments

The Japanese Yen is trading higher as the rhetoric game by Japanese politicians continues. This time, Japan's finance mininister Mr. Aso is the one talking the Yen up saying the country is not considering revision to BoJ law, adding that foreign bond purchases are not being considered at the moment. As a reminder, this last headline somehow contradicts what Mr. Abe said yesterday.

Feb 19, 2013

Forex Flash: RBA minutes next; traders to focus on cut threats - Westpac

The release of the minutes from the RBA Board’s 5 Feb meeting at 00.30GMT will center market attention in Asia. According to Westpac FX analyst Sean Callow, "while the subsequent Statement on Monetary Policy should have provided all the detail we need on the RBA view, selected quotes from the minutes do sometimes move AUD..."

BoJ minutes overshadowed by Aso's headlines

The BoJ Minutes has been overshadowed by recent comments from Japan's Finance Minister Mr. Aso, who said there is currently no plans to buy foreign bonds through plans.