USD/JPY has bounced during late NY session at weekly lows 93.28, trading last at 93.57, about flat for the week so far. The pair retraces from Monday's weekly highs at 94.22 as sellers start gathering above the 94.00 figure and some option barriers emerge, market sources say. Nikkei index closed yesterday below the 11400 points mark, down -0.31%, while US 10 year bond yields keep above the 2%, last at 2.03%.
There are some juicy news crossing the wires out of Tokyo, where reporters are informing that BoJ candidate Mr. Muto (the least dovish) may be discarded as a potential BOJ candidate. That leaves ultra-dovish candidate Mr. Iwata as the number one favourite to take the post, in theory.