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.
