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USD/JPY reaches session high following news wire reports
According to official sources just citied on a leading financial news wires service, the comments yesterday from the Bank of Japan do not reflect the certainty of a rate hike on December 19. According to the report the markets have taken this as read and this latest article seems to walk back on that. According to those sources, the likelihood of a shift in BOJ monetary policy is by no means a certain outcome. That news might be contrived, as is often the case, but its release did meet with a bounce to session highs, around 144.40. However, the USD/JPY was already, seemingly ironing out a short term base around 143.75 before this news emerged. So, please make of this what you will, but do not shoot the messenger here. The USD/JPY is just now trading at 144.32
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