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• USD/JPY slumping into the BOJ policy announcement
• From an early high of 157.89 to 157.19 EBS, still looking weak
• Fall could be on second thoughts on a BOJ hike today?
• Tokyo October CPI data high and well above BOJ's 2% target
• Expectations for continuing rises in national inflation data too
• Also of interest fall in more AI-technology stocks after NYSE close
• In addition to Alphabet profit miss, Amazon and Intel profits down too
• AI-hyperscaler concerns on the rise again
• Recent USD/JPY moves tied to moves in global equities
• JPY again seen as a haven of sorts?
• This despite Nikkei falls as foreign investors take off currency hedges
• Related , on Tokyo CPI/economy
• On Amazon, Intel shares , for more click on [FXBUZ]
USD/JPY hourly:
S&P E-Minis Index - hourly:
Nikkei 225 hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)