USD/JPY has tumbled as Bank of Japan Governor Ueda spoke

Bank of Japan Governor Ueda spoke about monetary policy but didn’t give much away on timing.

BOJ Gov Ueda: Accommodative financial conditions, stimulus is supporting Japan’s economy

BOJ Gov Ueda says Japan’s situation will become even more challenging in 2024

Nevertheless, its been enough for yen to catch a bid, with USD/JPY down 60+ points from US afternoon highs:

This article was written by Eamonn Sheridan at Source