The dollar/yen has fallen to the 134 yen level, and it is reported that the Bank of Japan may conduct an inspection and verification of monetary policy within the next year under a new system.

The dollar/yen has fallen to the 134 yen level. According to a person familiar with the matter, he reacted to reports that the BOJ may conduct inspections and verifications of monetary policy within next year under the new system. The dollar/yen temporarily widened its lows to the 134.54 level. The cross-yen pair also reacted to the yen’s appreciation in general, with the euro-yen pair hitting today’s lows around 143.50 and the pound-yen pair hitting today’s lows around 166.88.

The news caused the dollar to plummet. Changed the JPY to a buying perspective today.