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Forex: USD/JPY moving lower again, eyeing Fed's Bullard

The USD/JPY is still trading lower on Thursday after regressing to 94.00 via spike post-FOMC meeting minutes yesterday. The market found its daily low at 92.80 that supported a bounce back above the 93.00 mark. Further retracement to 93.30 was seen ahead of US data and the NY opening, but the market has now eased back to 93.00.
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Forex Flash: FX volatility here to stay in 2013 – UBS

For 2013, even more central banks are adding 'puts'. “This presents markets with a dilemma, and perhaps a reason why volatility in FX has returned. Like many things in life, sooner or later we realize that too much of a good thing (especially if it is low-cost or free) becomes a bad thing, and this either decreases its value, or the need to exit comfort zones take effect. In other words, central banks believe it is time to go to extremes to trigger an extreme response.” warns Research Analyst Garth Berry at UBS
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