Blink and you miss it still as the 2016 volatility continues
USDJPY has jumped from 116.60 to 117.10 after strong demand noted below 116.50
Yesterday the BOJ said they are monitoring markets and we can't rule out a few enquiries/calls to banks on that dip even if no intervention per se.
European equity markets holding initial gains so a little risk-on appetite also adding to yen losses with oil finding a base too for the moment.
The speed of that USDJPY move though points the conspiracy finger at greater powers.
Currently back to 117.01
