The BOJ decision is due later

USD/JPY rose as high as 122.89 in late US trading but the soft close in the stock market, the looming weekend/holidays and some concern about the BOJ has led to some selling in early Asian trading.

USD/JPY skidded as low as 122.39 and is trading at 122.53.

USD/JPY longs have been everyone's favourite trade after the Fed.