USD/JPY flows: Retesting 150 figure

The USD slumped as the FOMC dots plot still shows 75bps of easing in 2024. Ueda's remark does not provide any clarity in the future path of BoJ and we do have some verbal intervention from Japanese cabinet officials but I doubt they have swayed the course in USD/JPY.

With USD broadly weaker, USD/JPY corrected from highs to trade 0.32% lower at 150.76 with a session low at 150.27.