USD/JPY is testing above 144.00 on a cautious BOJ – faces resistance around here

The info from the Bank of Japan this morning is here:

Bank of Japan September meeting ‘Summary of opinions’

there were signs on the day of the meeting of the Bank being cautious on further rate hikles due to market volatility. So the Summary expressing the same is not fresh news.

Its been enough to see the yean weaken a little.

but I suspect there is resistance above 144.00 for now.

Comments welcome!

This article was written by Eamonn Sheridan at www.forexlive.com.

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