USD/JPY has dropped under 142.00 on BOJ Nakagawa comments ...Middle East

Bank of Japan monetary policy board member Nakagawa spoke earlier here:BOJ's Nakagawa speaks on one-sided yen fallsHe has sent the yen higher. USD/JPY dropped down towards 141.50 and has since bounced back towards 142.00. Nakagawa said, amongst much lease:real interest rates remain deeply negative, accommodative monetary conditions maintainedFlagging there is plenty more tightening still to be done. This article was written by Eamonn Sheridan at www.forexlive.com.

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