JPY NEWS.

Governor Ueda has spoken about the likely necessity of Japan exiting negative interest rates. This may still be some way off, but it has certainly given the JPY boost. Am I ready to long the yen off the back of this comment? Potentially. I always struggle longing the yen on a fundemental basis due to such a wide interest rate disparity. But if Japan are serious about exiting negative rates, this will certainly strengthen the JPY for a period of time. I'll be watching the USD JPY chart closely, tomorrow's NFP report will be very interesting.