At 1 a.m., when most people were asleep, the yen suddenly "ran wild"! The words of Kazuo Ueda, the governor of the Bank of Japan, "an interest rate hike is approaching", instantly caused the USD/JPY to plunge nearly 100 basis points, and the yen bulls directly pierced through the key resistance level of 150. This scene is just like a TV drama! Traders had to stay up all night to witness this historic moment.
The words of Kazuo Ueda, the governor, can be said to be "a stone that stirs up a thousand waves". Market participants immediately began to speculate: Will the Bank of Japan raise interest rates at the policy meeting in December or next year? However, the governor kept silent about the specific timing, which was like playing a "guessing game" and made people unpredictable. He said that the economic data was moving in the right direction, but there was still a very big question mark about the US economic outlook. Does this sound a bit like "depending on the weather for food and Trump's face"? $ONE $ETH