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Yen Firms On BoJ Headlines, 1 Week Implied Vol Continues To Climb

JPY

Yen is firmer early doors in Asia Pac trading. The pair hit a low of 131.90 post Reuters headlines that the BoJ will review the side effects of its massive easing at next week's policy meeting. We have stabilized somewhat now, back around 131.90/95, but the yen is still +0.40% firmer for the session. Support in the early part of the week came in under 131.50 in terms of downside levels to be mindful of. 1 week implied vol continues to climb, last near 18.50%.

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