Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Feb 10 - 04:55 AM

USD/JPY - Massive USD/JPY Drop Suggests Major Changes To BOJ Policy

By Jeremy Boulton  —  Feb 10 - 03:20 AM
  • Japan govt set to appoint academic Ueda as next BOJ governor nL1N34Q0GR

  • USD/JPY drops 131.90 to 129.80 EBS

  • Huge leap in JPY related implied volatility flags extent of risk premium

  • 1-month expiry USD/JPY implied vol jumps almost 2.5 to 14.5 nL1N34Q0I4

  • The extent of the reaction suggests more than a tweak to YCC is coming

  • If not then USD/JPY will rebound as current policy extremely yen negative

  • Bond buys are far greater than record USD/JPY intervention

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved