USD/JPY swings continue - drops under 130.00

The earlier jump in USD/JPY above 131.20 was in a time of low liquidity Liquidity Liquidity refers to the extent of a financial instrument’s ability to be bought or sold without causing price fluctuations. Thus, if an asset is extremely liquid, it means one can trade that asset in the knowledge that one’s specific dealing won’t create significant movements in the market.This is because there exists such a large number of traders going both long and short, generating huge volume for that particular asset. Liquidity in the FX MarketTake the example of the foreign exchange marke Liquidity refers to the extent of a financial instrument’s ability to be bought or sold without causing price fluctuations. Thus, if an asset is extremely liquid, it means one can trade that asset in the knowledge that one’s specific dealing won’t create significant movements in the market.This is because there exists such a large number of traders going both long and short, generating huge volume for that particular asset. Liquidity in the FX MarketTake the example of the foreign exchange marke Read this Term:

• USD/JPY jumps back above 131 as Asia 2023 trade gets underway

Asia is up and running fully now, and its dropped back much lower for the session:

No fresh news nor data apart from what has been posted.

USD/JPY starting out 2023 with more of the swings seen in December 2022!

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I thought the significant news out of Japan over the break was this from Saturday:

• BOJ is considering raising its inflation outlook - this'd pave the way for a policy pivot!

If you are looking for news to drive the yen up this'd be a candidate.