Do not read into mid-press conf short term market movements - especially with a BOJ Gov who is once again providing nothing new to “price in,” and far more importantly - because we still have unsettled matters of: FOMC, as well as who will govern Japan & America.

Nobody (human active manager) is trading JPY mid-press conf in such size to move spot rate right now based on Ueda’s word for word of saying nothing.

That absence of flow leaves the algos and bots’ (+🇯🇵retail) activities as more visibly pronounced in market impact.

And it seems that there may be “PTSD support” at the 152 level to the downside in the immediate term

BOJ 0.25% maintained unchanged

In depth piece coming on- Japan & US election uncertainty combined with FOMC & BOJ rate policy path uncertainty

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7:22 AM
Oct 31