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BOJ boss briefs the press- USD/JPY rebounds sharply from session lows
The Bank of Japan governor, Kazuo Ueda is just now debriefing the press following the BOJ decision to leave rates on hold earlier today. So, far he has issued some warning rhetoric on the economy, whilst mentioning that FX volatility is always unwelcome. Ueda has said the BOJ will not hesitate to act if the economy weakens. In what has been a rather perverse reaction, the USD/JPY has jumped higher after his comments and hence the volatility he does not want is immediately showing up right now. The USD/JPY had fallen to new session low at 141.75 when Ueda started spouting. It has now bounced markedly to above 142.50 a moment ago
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