Dip in USD/JPY erased
The BOJ is meeting next week and reports suggest they could tweak policy to make it more sustainable. That would mean less bond buying over a longer period. Other options are also being considered.
Initially, USD/JPY dropped down to 110.75 but has rebounded to 111.32, nearly back to flat on the day.
But this isn't the last chapter in this story. Japanese yields jumped today and have remained higher.
