Here’s a snapshot I took from the ForexLive chart app in the aftermath of the Bank of Japan decision last week
You may remember the event, the BOJ announced it was leaving policy unchanged and the market response was swift, in fact near instant, the yen surged. Not just against the USD (as shown above) but against crosses too. The move was like a hot knife through butter.
USD/JPY sliced like a hot knife through butter (Hey! Cut it out with the metaphors)
