USD/JPY takes a hit from BOJ official and Nikkei fall

Yesterday the USD/JPY managed to recover an afternoon fall that saw it drop into the 4pm London fix. The low around that time was set 151.53 and the fact that it held that 151.50 this time around helped to lift the dollar into the US close, where it later ended the session at 152.06. Earlier this morning the dollar was building on that mildly positive close and rising to a session high, at 152.31. Well that was before Takata ( A BOJ board member) noted there was now much more flexibility on further rate increases. That coupled with some disappointing Japanese, which data sent the Nikkei 225 lower and the USD/JPY tracked that to the downside. So, the upshot of those two things has sent the USD/JPY down towards the 151.50 mark once more. The low seen so far has been set at 151.59. It is right now at 151.62