USD/JPY beginning to fill the BOJ Governor Ueda ‘exit’ gap

USD/JPY was marked 100+ points lower in very early Asia trade. ICYMI:

in chronological order:

  1. Bank of Japan Governor Ueda says his focus is on a ‘quiet exit’ reducing monetary easing
  2. USD/JPY indicating a big figure lower than Friday after ‘exit’ comments from BOJ Gov Ueda
  3. More on Bank of Japan Governor Ueda weekend comments sending USD/JPY 100 points lower


BOJ Gov. Ueda weekend remarks indicating BOJ focus will now be on “a quiet exit”

As some liquidity returns, USD/JPY is filling in the gap somewhat:

ps. Its currently approaching:

10.30 am in New Zealand

8.30 am in Syendy

7.30 am in Tokyo

6.30 am in Hong Kong and Singapore.

Bums are hitting seats in major FX dealing rooms.

This article was written by Eamonn Sheridan at Source