Why The UJ Is Sprinting Back To Highs (Simple Macro Eco)

The latest fall for the USDJPY has come off the back of general USD weakness, flowing from continued positive data (easing plans from FED dragging demand for USD).

The fall, did not strictly come from any talk via the BOJ, although there has been some across the wires, it has shown absolutely no real direction yet.

As rates are higher, demand flows straight back to USD. Any actual action from the BOJ is what will bring the pair down.

Areas drawn for entries/exits.