There's no stopping the Japanese yen today as it seems like those who were short i.e. long USD/JPY over the last few months, are all jumping ship. I find it hard to fathom that Ueda's remarks earlier today can be that big of a catalyst. However, it is perhaps a trigger point coupled with a break in the technicals in USD/JPY as well as catching up to the big plunge in Treasury yields recently:We've known for about a month or two now that the BOJ has kicked the can down the road to March to April next year on any real hints of a policy shift. They kept alluding to the spring wage negotiations next year and that is still the same rhetoric that Ueda has mentioned today, even if he did open up mo
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