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.
- Bank of Japan Governor Ueda says his focus is on a ‘quiet exit’ reducing monetary easing
- USD/JPY indicating a big figure lower than Friday after ‘exit’ comments from BOJ Gov Ueda
- More on Bank of Japan Governor Ueda weekend comments sending USD/JPY 100 points lower
Hours later Japanese bond trading commenced and these have sold off also, sending yields higher, near to highs for a decade:
USD/JPY has extended its earlier drop:
This article was written by Eamonn Sheridan at www.forexlive.com.