USD/JPY flows: Hopium Keep JPY High

Market chatter continues to hype on a potential January hike from the BoJ as Ueda's remark has once again brewed hope. However, one should be reading this with a pint of salt for such mood swings had happened before in previous BoJ meetings that disappoint. Until we have the "leaks", market participants should remain cautious in believing the rhetoric.

USD/JPY has dipped to 155.2 on hopium and is now trading 0.37% lower at 155.84.