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USD/JPY Marginally Firmer In Volatile Trade, BOJ Holds Policy Unchanged

JPY
BulletMarketsForeign Exchange NewsHomepageBank of Japan (BOJ) Market News

USD/JPY prints at ¥136.30/40, ~0.2% firmer as the BOJ leaves policy unchanged.

  • The pair rose from a touch below ¥136 handle before meeting resistance ahead of ¥137.00 before paring gains to current levels.
  • The spike higher may have been facilitated by downside protection that was in play that we flagged earlier. In the lead up to the decision the 1-week risk reversal was at the lowest level since the depth of the initial COVID outbreak.
  • Focus now is on global macro factors, re observed global equity weakness and fall in US Treasury Yields, ahead of this evenings NFP print.
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USD/JPY prints at ¥136.30/40, ~0.2% firmer as the BOJ leaves policy unchanged.

  • The pair rose from a touch below ¥136 handle before meeting resistance ahead of ¥137.00 before paring gains to current levels.
  • The spike higher may have been facilitated by downside protection that was in play that we flagged earlier. In the lead up to the decision the 1-week risk reversal was at the lowest level since the depth of the initial COVID outbreak.
  • Focus now is on global macro factors, re observed global equity weakness and fall in US Treasury Yields, ahead of this evenings NFP print.