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USD/JPY still focused on BOJ inaction

I hate to sound like a broken record, but the tune out there is still ringing loud and clear. That tune is echoing from the corridors of the Bank of Japan. The music is also ringing around the markets and it keeps signing the same old tune. The BOJ does not want to shift its monetary policy yet. Of course there are extremely strong arguments for them to do so and just a few moments ago a notable Japanese lobby group came out and said exactly that. However, it has probably fallen on deaf ears again. The USD/JPY is close to session highs just now. The came close to rising above 151 yesterday and closed in the US at 150.98. Today it is had edged to 151.17 so far. The move higher is of course carrying the likes of the GBP/JPY and EUR/JPY with it. The USD/JPY is just now trading at 151.12

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