USDJPY:
1. Price action immediately following BOJ this september was more than erratic but at the same time showed some consistency for those of you who can remember back to Julys performance - we moved instantly lower on the decision to 101 flat, before ripping 180pips higher to 102.8 to then lose most of the bids and trade back to the 101 base.
2. The BOJ...
Fed Funds Rallied up from 18% to 33% on the day with Fed rosengrens hawkish comments the only likely impetus.
Imo DXY here at 95 mid has an easy 50bps of topside left in it if rates can hold here at 33%, UST also seen higher across the board with the bench mark 10y yield breaking pre-brexit levels.
Long DXY, and shorting $yen on rallies is the way I intend on...
