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Did the BOJ just step in ? USD/JPY slides below 155 and rebounds
A few moments ago the USD/JPY took a real dive, dropping from above 156.75 to below 155 in the blink of an eye. There is no confirmation here yet; that the BOJ might have been behind the move and the recovery since the low would suggest that they did not. The market is also wary of the potential, but at the same time it determined to push the Yen ever lower. The rebound off the low has seen the dollar now rise back above 156 again. Perhaps we wait for the next move to try and fathom this out; if the BOJ stepped up to the plate or not. This was a prospect that was highlighted here many times recently, but it needs clearer evidence because this move could have been a fat finger out-trade too. The USD/JPY is currently trading at 156.30
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