JadeFOREX

• Yens keeps rising across the board after Bank of Japan’s surprise.
• USD/JPY drops by more than 4% on Tuesday.
• US dollar mixed across the board, on risk appetite.

The USD/JPY dropped even further during the American session and bottomed at 131.00, the lowest intraday level since August 2. It remains near the low, falling more than 550 pips or 4.15%.

The pair is headed toward the lowest daily close since June with the Yen having one of the biggest daily gains across the board boosted by the decision of the Bank of Japan to raise the upper banks of its yield curve control of the 10-year bond from 0.25% to 0.50%.