Markets may have punished the Bank of Japan's surprise decision to stand pat on policy last week, but it was the right call, Bank of America-Merrill Lynch said.
ECB is unlikely to take any action this week, while all eyes are on possible BOJ moves to drive JPY lower, says Gemmer Asset Management CIO, Charles Blankley.
Asian markets are mostly lower with the strong yen still weighing on the Nikkei 225 as USD/JPY drops below 108.
The USD/JPY dipping below 108 on Monday morning despite rhetoric from Japanese officials last week in an attempt to weaken the safe-haven currency.
Clients are looking at the USD/JPY pair hitting 105, says Sunrise Brokers' Japan and Asian equities head Ben Collett.
Daryl Guppy from GuppyTraders.com analyzes the charts for downside targets of the USD/JPY, Nikkei 225 and 10-year JGBs.
*Dollar flirts with 113 yen- mark. TOKYO, Feb 22- Japan's Nikkei share average rose in choppy trade on Monday morning as the dollar strengthened against the yen, which helped exporters trim earlier losses and buoyed overall market sentiment. "The stock market and the currency market are staring at each other," said Chihiro Ohta, general manager at investment...
Citi's Mohammed Apabhai explains the impact on Japan's Government Pension Investment Fund if the USD/JPY falls further.