USD/JPY selling off - follows BOJ reducing JGB purchase amount

USD/JPY is down from highs circa 113.15 to around 112.80 now

Earlier on we got the news that the Bank of Japan had reduced its JGB purchases:

• Bank of Japan cuts its purchases of JGBs today

The response to this sort of news is quite variable., today yen crosses copping a hit.

Aaaand, USD/JPY continuing its decline, 112.60 ish now as I update