USD/JPY pops to a fresh session high

USD/JPY had ticked its way to just over 110.50 earlier in the session

Then dropped back a few points when the BOJ cut its JGB purchases amoutns:

• BOJ cuts JGB purchases in 10-25 year window, first time since July 2018

Didn't stay down there, its popped above 110.60 as I update.

No news nor data for it today really. More of the same USD/JPY strength, albeir small.

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Out of interest, comments today on the yen via Westpac update:

• in line with our FOMC call and on the assumption that global growth risks do not intensify, we look for a brief rise in the USD/JPY cross to JPY113 in mid-2019 followed by a reversal to JPY112 end-2019, then JPY106 end-2020.

(ps. The FOMC call WPAC refer to is, in brief:

• US economic momentum to persist through 2019, and consequently anticipate US data will justify two further hikes by the FOMC in June and September)