Yen pairs find some support as Nikkei rallies off its lows

The Nikkei and yen pairs plummeted after the BOJ left rates on hold 28 April

  • Nikkei currently 16848.13 - 2.59% after lows of 16730.13
  • USDJPY 109.12 but lower again after a rally to 109.43
  • talk of bids/support into 109.00 and then 108.70-75 with offers/res into 109.50
  • EURJPY 123.54 with demand into 123.00 then 122.75 and supply into 125.00

We've yet to see how Europe reacts to the BOJ 7-2 decision to keep interest rates on hold and we can't rule out another test of the lows.

Nikkei turning down again as I type and USDJPY 109.07.

Kuroda delivers his presser at 06.30 GMT.

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