The Australian Dollar nosedived against the Japanese Yen after the Bank of Japan adjusted its monetary policy that might follow the RBA example. Will AUD/JPY keep going lower?

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One of the FX market’s favorite measures of risk trends, the Yen-driven carry trade, suffered one of sharpest collapses in years. Yet, the Bank of Japan driven move didn’t feed all the way back up the speculative line. With the liquidity countdown continuing, is there still room for breaks from the S&P 500 and Dollar pairs?

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The Japanese Yen went on a massive run last night and the big question now is continuation potential in USD/JPY, EUR/JPY and GBP/JPY.

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The surprise tightening of monetary policy from the Bank of Japan caused a shake up in Asian capital markets and spilled over modestly to the subsequent European and American sessions. Yet, follow on the DAX’s, FTSE 100’s and Dow’s retreat may not need to rely on this disconnected event.

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The Canadian Dollar has been one of the weakest global currencies, driving massive breakouts in both CAD/JPY and EUR/CAD.

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