Soggy times for Japanese equities after the Bank of Japan left rates on hold 16 June 2016
- currently on fresh session lows of 15501.07
- -418
- -2.63%
- USDJPY falls through strong support at 104.50 triggering stops to post 104.35
Sharp move again in the last 5/10 mins in the wake of the BOJ decision as they find themselves between a rock and a hard place.
Plenty of talk of "excessive moves" blah blah but no sign of any intervention. Further falls toward 100.00 may bring a different story but as Eamonn pointed out again earlier, and I have previously, their hands are tied by G7/G20 somewhat.
Barrier option support at 104.00 as I pointed out yesterday.
Update 04.36 GMT
- new lows of 15495.14
- currently 15517,68
- USDJPY 104.40
