Headline out a short while ago

  • desirable that fx moves are in a range that reflects fundamentals
  • QQE will continue until 2% inflation stable
  • won't hesitate to adjust policy if needed
  • doesn't think there will be an obstacle for JGB buys
  • keeping fiscal trust is very important

That headline is kicking in and giving the yen some real love. BOJ have been hinting at this for a while but no one seemed to take any notice

USDJPY down from 124.40 to 122.97 EURJPY 138.93 from 140.50