JPY in the news.

During the Asian and European sessions, there has been lots of talk about the need for Japan to normalise policy. This talk hasn't come from the BOJ itself, but an ex BOJ official and a high ranking official from a separate office. When you listen to governor Ueda, it seems the BOJ is still comfortable with its current policy. (Which means for now the JPY should remain weak).

In other news, soft CPI from china is having a knock on effect with the AUD and NZD. and the BOE'S pill sounded fairly hawkish this morning, pushing back on talk of potential rate cuts. This has given the GBP some support.

All in all, until something changes, the current trading opportunities I'm looking for are JPY shorts on pull-backs, particularly Vs either USD, GBP or EUR.

If you have any questions, feel free to email: johnelfedforexblog@gmail.com