Yen outperformance has characterized early-week trade, which has seen USD-JPY fall to a two-week low of 111.31 and EUR-JPY a one-week nadir of 126.74. This has come despite the BoJ's corporate price expectations survey revealing a decline in inflation expectations, feeding speculation for further stimulus from the central bank at its April 27th-28th policy meeting. A lacklustre stock market session in Asia induced some have buying of the yen, which in turn fed Japan underperformance as investors suffered currency-strength indigestion.
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