BOJ governor Ueda says will begin tapering bond purchases immediately after July meeting

  • The size of cut in bond purchases is to be substantial
  • The specific amount will be decided after listening to input from market participants

This is taking the wind out of the sails in USD/JPY a fair bit, with the pair now down to 157.80 from around 158.15 when Ueda began speaking.

This article was written by Justin Low at Source