What sparked today's (12/5) JPY strength ?

What sparked today's JPY rally ? Can we consider this a trend change on the JPY crosses ?

prospect of higher rates earlier than most people thought. From Reuters;

"BOJ Policy Board member Atsushi Mizuno said it would be wrong to think the central bank needed to wait until all economic indicators were strong to raise interest rates again."

Guessing that was released at 2:00AM EST ?

Seems like the market was set-up for that "news release" . . .

Read this http://bloomberg.com/apps/news?pid=2...8Lk&refer=asia

and you'll see why that sudden move.

Some dude talking about monetary policy...

When non-data related stuff happens its usually cos "dudes are talking"



kavs

I think a lot of Japanese investors put their reserves on the yen instantly when they heard the news.

Thanks for the link, Fxpinoy.
Shall now watch for more Yen support.

i caused it, I shorted usdjpy yesterday..the end

LMAO, let me know your next move ; )