The Bank of Japan hiked yesterday:
ForexLive European FX news wrap: Yen surges as BOJ hikes policy rate to 0.25%
And the Federal Reserve gave hints a rate cut was coming in September:
Forexlive Americas FX news wrap: What a day, it had everything
USD/JPY tumbled (it did so prior to the BoJ on the leak from NHK:
Forexlive Americas FX news wrap: Bank of Japan leaks the possibilty of 15 bps hike)
USD/JPY has continued to drop:
Any rallies will likely be sold into
This article was written by Eamonn Sheridan at www.forexlive.com.
