USDJPY, GBPJPY, AUDJPY Drop as Japanese Yields Swell

In the rush of volatility surrounding the US CPI build up and impact, the headline that the majors’ most dovish central bank – the Bank of Japan – could be warming up to further tightening didn’t garner the attention it deserves. Those following the USDJPY, GBPJPY and other Yen crosses should monitor this thread and price action closely.