USD/JPY has recovered half of its FOMC losses … yen doesn’t have a lot going for it

Scanning over the currency pairs and its yen that stands out as weak.

Ever since the Bank of Japan on Tuesday its been on the back foot.

This was a feeble effort at propping it up via a leak :

• Bank of Japan weighing next rate hike in July – report

Gimme a break. No way. (Feel free to print this out and rub my nose it if I’m wrong).

AUD took a hit after the RBA on Tuesday also, but its not faring nearly as poorly as JPY:

Pullbacks are a BTD opportunity for yen crosses

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