27 July 2016
As uncertainty over Japan's fiscal stimulus roiled the yen and domestic equities, Prime Minister Abe was forced to announce his fiscal intentions earlier than he initially intended. The JPY27 trillion (~$265 bln) package.
The details are far from clear, which may help explain why the dollar is in the middle of the two yen range (~JPY104.65-JPY106.55). Note the high for the week was set on Monday near JPY106.70. An unspecified part of the spending will be included in fall supplemental budget, which Japan regularly introduces.