• Yen gains after BOJ; AI jitters dent dollar

• USD/JPY has slipped from 157.89 to 157.12, on Friday, according to EBS data

• Spot stuck within the daily cloud that currently spans 156.63-158.44 region, 155.96 50% level supports

• BOJ keeps rate steady at 1.25%, declares victory in hitting price target, signals near-term hikes

• Japanese stocks could face more downside with BOJ accelerating ETF sales

• USD/JPY and EUR/JPY tend to move in tandem, 30 and 60-day log correlations are high above +0.5

Daily Chart


Correlation Chart

(Martin Miller is a Reuters market analyst. The views expressed are his own)