Bank of Tokyo-Mitsubishi - "The USDJPY top-side is heavy due to the uncertainty over the ongoing US congressional budget negotiations. But despite the recent rebound, the yen has been week across the board since the beginning of September. For example EURJPY is still at highs not seen since late September of 2009. Next week the Tankan survey on 1st of October will confirm the gradual recovery of the Japanese economy and will coincide with PM Abe announcing that the sales tax will be hiked from 5% to 8% as scheduled. At the same time the Japanese government will announce an economic stimulus package to curb the negative impact of sales tax hike. Of course these events have been already partially priced into the Japanese equity and USDJPY markets. But if the market is convinced that Japan politics is moving forward with Abenomics then it would not be surprising to see above 100 level with higher Japanese equity prices."