Flash: USD/JPY, keeping an eye on consumption tax panel - Nomura

FXstreet.com (Barcelona) - This week in Japan, both the consumption tax panel and economic data may not lead to a final conclusion on the tax debate, however, "they should still provide hints on the likely decision, influencing JPY, Japanese equities, and JGBs" notes Yujiro Goto, FX Strategist at Nomura.

According to Goto: "We expect some negative comments on the tax hike from opponents such as Professor Hamada, which may be negative for USDJPY, but economic data released this week should be more or less positive for USDJPY."