Any News and BOJ Action, Would Direct USDJPY


USD/JPY is off its Friday highs and moving back towards the 200‐day moving average at 83.59. The focus this week will be on the BoJ and any news from the government about how the rebuilding of the country will be financed.


Expected repatriation flows have failed to materialize, and the net long yen position has collapsed, falling from $5.2bn last week to just $1.5bn this week. The shift came from both a closing of gross longs and an opening of shorts, which suggests that traders are shifting their near‐term outlook for yen and not just shedding long exposure.(www.ibtimes.com)

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