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Earlier this morning the Bank of Japan did as the markets expected and left their OCR (official cash rate) on hold at 0.25%. However, that has not pushed the Yen lower. In fact, it is higher this morning and the dollar has dropped below 152.50 this morning, as the BOJ currently debriefs the press right now. Perhaps one other reason for that could be a degree of risk aversion impacting all the markets, as news emerges of a discussion regarding a large scale attack by Israel on Iran. That news cannot be verified here though. So, anyway the USD/JPY, which closed in the US last night at 153.42 , has fallen back close to 152 right now. The low seen a moment ago was set at 152.06. It is currently trading at 152.20
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