BOJ head Kuroda said the "intervention" word on Tuesday ... then USD/JPY ripped overnight

  • I suspect we'll get plenty of jawboning out of Japan today, Wednesday 06 April 2022

Yesterday's wrap contained links to all of the comments out of Japan yesterday on the rapid drop in the yen. Bank of Japan Governor Kuroda said the "I" word, and other officials had plenty to say also.

ForexLive Asia FX news wrap: Kuroda says ‘intervention’, USD/JPY drops

The response from the US was a huge pump for USD/JPY:

usdyen 06 April 2022 1

Helped by Brainard:

Forexlive Americas FX news wrap: Hawkish talk from Brainard sparks a USD rip

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For today in Japan ... there will be more comments from officials seeking to slow the decline in the yen. Which'll give a BTD opportunity! Policy divergence between the BOJ and just about everyone else in the DM world is stark.

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