FXStreet (Bali) – USD/JPY has spiked over 60 pips in the blink of an eye, with still no clear catalyst as to what caused the rise in the rate from sub 120.00 level to 120.35/40.
We have seen former Japan MoF official Sakakibara saying USD/JPY rate is unlikely to be toward 125 rather move toward 115-120 range, adding that Kuroda will continue on policy course, and that reaching 2% inflation goal may take time.
(Market News Provided by FXstreet)