Daily outlook for JPY: Commerzbank

Quotes from Commerzbank Corporates & Markets:

-JPY: The BoJ maintains the speed of its QE measures: 80 trillion yen per annum. Nobody seriously expected anything else for today, but analysts disagree on the BoJ's medium term QE strategy.

-That in itself is a bad sign as it means that the BoJ has not communicated its strategy sufficiently clearly. Hardly surprising therefore that the BoJ does not successfully manage to achieve significantly positive inflation rates.