The Japanese yen’s rally last week seems like a distant memory now. The USD/JPY, EUR/JPY and other JPY crosses all rallied sharpy this morning, adding to their gains from earlier in the week, as investors priced out the potential for a policy change from the Bank of Japan following a Reuters report. The USD/JPY, already managing to climb to the 140.00 handle and recovering nicely from the sub-138.00 levels it had hit last week, added another 195 pips to reach just shy of 142.00 on Friday morning. The USD/JPY outlook now hinges more on the decision from the Fed than the BoJ. Meanwhile, the EUR/JPY hit a new high for ... (full story)