USD/JPY extending its earlier Ueda-led drop

<p>Bank of Japan Governor Ueda gave an interview to Japanese media last week. Comments from the interview were published over the weekend. USD/JPY gapped lower in early hours on the remarks.</p><p>ICYMI:</p><ol><li><a href="https://www.forexlive.com/centralbank/bank-of-japan-governor-ueda-says-his-focus-is-on-a-quiet-exit-reducing-monetary-easing-20230910/" target="_self">Bank of Japan Governor Ueda says his focus is on a 'quiet exit' reducing monetary easing</a></li><li><a href="https://www.forexlive.com/centralbank/usdjpy-indicating-a-big-figure-lower-than-friday-after-exit-comments-from-boj-gov-ueda-20230910/" target="_self">USD/JPY indicating a big figure lower than Friday after 'exit' comments from BOJ Gov Ueda</a></li><li><a href="https://www.forexlive.com/centralbank/more-on-bank-of-japan-governor-ueda-weekend-comments-sending-usdjpy-100-points-lower-20230910/" target="_self">More on Bank of Japan Governor Ueda weekend comments sending USD/JPY 100 points lower</a></li></ol><p>4.<a href="https://www.forexlive.com/centralbank/icymi-boj-gov-ueda-weekend-remarks-indicating-boj-focus-will-now-be-on-a-quiet-exit-20230910/" target="_self">BOJ Gov. Ueda weekend remarks indicating BOJ focus will now be on “a quiet exit”</a></p><p>Hours later Japanese bond trading commenced and these have sold off also, sending yields higher, near to highs for a decade:</p><ul><li><a href="https://www.forexlive.com/centralbank/the-yield-on-japans-10-year-jgb-has-risen-to-its-highest-since-2014-at-0685-20230910/" target="_self">The yield on Japan's 10 year JGB has risen to its highest since 2014 at 0.685%</a></li></ul><p>USD/JPY has extended its earlier drop:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.