The Japanese Yen (JPY) USD/JPY has been surging in the Asian session on the announcement of the BOJ Chief selections including Ultradove “radical’ Iwata as the Deputy. The Yen crosses all piggy backed on the USD/JPY move but we have seen substantial profit taking so far in Asia. EUR/JPY pops Y125 but failed at key resistance and has fallen back to Y124.00.
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