JP – it feels to me like they are more reactive to the markets/economy, which is how it should be. The one’s who are full of hot air are Yellen and Powell. Yellen because she is a communist and Powell because he is scared lol.
Believe AudJpy has decent odds to challenge 98.30-40 area eventually where it would be prudent to consider the sell side for positioning even if it inevitably challenges 99 from a longer term viewpoint. Currently 98.05. EurJpy will inevitably trade below 162 looking outward, likely after another short lived bout of buy side interest.