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USD/JPY spikes higher above 143 as Ishiba speaks on monetary policy
The USD/JPY has just grabbed some support from comments a minute ago from the new Japanese Prime Minister. Ishiba has just stated; that he will not seek to influence BOJ monetary policy and that policy should be the sole domain of the Central Bank. These comments help to alleviate the perceived downside risks to the dollar earlier this morning and as such it is little surprise to see the dollar react positively to his comments. The USD/JPY just lifted back above 143 on these remarks. It was trading near 142.50 beforehand. It has just backed off from the immediate high though, currently trading at 142.82. Perhaps the real question here; is does anyone actually believe this rhetoric?
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