- BOJ may ease monetary policy at its next rate review in October if downside risks heighten
Those hoping for fireworks in USD/JPY to continue into European trade have been disappointed so far.
USD/JPY sits at 84.96, where it was when I came on shift close to three hours ago.
Sources report Japanese exporters selling just above 85.00, so far capping the topside at 85.13.
Just a suggestion; why don’t they step aside and they’ll very likely get better levels at which to repatriate their overseas earnings. Oh well, hey ho.
