8:32 AM · 10 February 2023

Yen gains as Ueda may take over BoJ💥

Japanese yen strengthened sharply following news that economist Kazuo Ueda may replace Kuroda in April, after Amamiya refused the government's offer. At the same time ex-FSA head, Ryozo Himino may act as deputy BOJ governor.

USDJPY pulled back to local support at 130.60 on latest news. Should break lower occur downward move may deepen towards major support at 127.40Source: xStation5

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