Japan business lobby chief: USD/JPY at 150 does not reflect Japan’s economic fundamentals

• Yen could be firmer considering Japan’s economic fundamentals
• Positive cycle of higher wages and prices has started, this will change people’s view on Japan

Unfortunately, that is not for him to decide now is it? Markets will react accordingly to how sentiment pans out. Over the last week, the yen has had the makings of a sell the fact play and it delivered today. If he wants, he can thank the BOJ for that.

This article was written by Justin Low at www.forexlive.com.