Yen is dropping.
Earlier we had a Financial institution of Japan coverage Board member telling us what everyone knows, that coverage goes to stay unfastened for a while:
In different information Japan is providing 0.7 tln yen in 40 12 months JGBs.
Apaprt from that its quiet from Japan immediately.
To this point throughout the session we have had no intervention, it is the verbal type we’re nonetheless getting at this stage however none of that thus far immediately.
How far-off can that be?
USD/JPY day by day chart … traces by me:
I am biased to the topside by these traces. Feedback welcome people, what you pondering?
