USD/JPY extending its earlier Ueda-led drop

Bank of Japan Governor Ueda gave an interview to Japanese media last week. Comments from the interview were published over the weekend. USD/JPY gapped lower in early hours on the remarks.

ICYMI:

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

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

Hours later Japanese bond trading commenced and these have sold off also, sending yields higher, near to highs for a decade:

• The yield on Japan’s 10 year JGB has risen to its highest since 2014 at 0.685%

USD/JPY has extended its earlier drop:

This article was written by Eamonn Sheridan at www.forexlive.com. Source