Japan top FX diplomat Mimura: Doesn’t see disparity in FX moves and data

Comments from Mimura:

• Don’t see any disparity between recent yen moves and recent positive GDP and domestic inflation data
• Understand BOJ has been sending messages on monetary policy outlook taking into account strong economic data and headline inflation figures
• Import prices are also rising due in part to FX factors

USD/JPY has been volatile but has recently trended lower to 149 from 158.

This article was written by Adam Button at www.forexlive.com.