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USD/JPY Ueda induced fall extends below 157
An update here earlier this morning noted the comments from the BOJ governor giving rise to a good deal of speculation; that the Japanese Central Bank will move to raise rates on January 25. Of course this is by no means a done deal and it is likely the BOJ will think long and hard before making such a move. Nevertheless, the Yen is still reacting to the prospect of that and now the USD/JPY has fallen below 157 and close to 156.75, as the dollar more generally comes under a degree of pressure versus the Pound and the Euro. The USD/JPY is right now at 156.78
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