Despite a hawkish sounding BoJ board member Koeda the yen has fallen further, 157.40

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Koeda joined the Bank of Japan nine-member board on March 26 this year. At each of the five policy-setting meetings she has attended so far she voted for leaving the policy rate at 0.5%.She seems to have become more hawkish in her speech today:BOJ’s Koeda signals need for further tightening as inflation holds near 2%USD/JPY is shrugging it off, rising to a fresh high above 157.40. JGB yields have continued higher too, as Japan's latest fiscal package promises to balloon debt even further. This article was written by Eamonn Sheridan at investinglive.com.