Commerzbank analysts have came out with a report on Japan's new Ministry of Finance's member's, Koriki Jojima, attempt's to review JPY safe haven status. As per the report, Koriki, is following his predecessor’s footsteps and trying to move market through verbal aggression.
“However Jojima will have to accept nonetheless that a cautious strategy of leaning against the wind will not be sufficient to stop the appreciation of the yen in times of rising risk aversion”, wrote analyst Carolin Hecht, expecting market sentiment volatility on Thursday's ECB meeting and Friday's labor market data in the US
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