The Japanese Yen crosses are mixed today which is hardly a surprise with little Japanese economic data on the calendar and risk appetite generally unchanged.
The Nikkei Net reported that Japan has scrapped taxes on investment returns for all foreign fund or corporations seeking to invest in Japan. Countries like the US or Eurozone have been exempt from the up to 40 percent tax, but this new rule will make it more attractive for investors in oil rich countries like the Middle East to look at Japan as an investment destination.