Bank of Japan deputy governor Uchida spoke:
- BOJ deputy governor Uchida says the Bank's interest rate can change if needed
- USD/JPY surging on Ushida speech
- More from BOJ dep Gov Uchida: Appropriate to adjust degree of monetary easing
The comments sound like a Bank mulling pulling back on hikes. This is pretty clear, via Bloomberg:
And, if you are in doubt:
USD/JPY raced to a high above 147.45.
Its dropped a big figure from there like 5 minutes.
Wild times.
