Forex: USD/JPY back at 81.00 on BOJ rumors

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Forex: USD/JPY back at 81.00 on BOJ rumors

FITITOL--> FXstreet.com (San Francisco) - The bounce in USD/JPY from weekly lows hit earlier in the day has extended up to the 81.00 area, having gotten a nice boost on JPY weakness as rumors that the BOJ may add between JPY 5-10 trillion to its bond buying program.

At time of writing, the pair is quoted at 80.95, down from 81.33 late Wednesday. EUR/JPY has been slowly trekking higher, having reached as high as 107.22, last at 107.15 vs. 107.50. The CAD/JPY pair has dipped to as low as 81.95, but has since bounced back to 82.30, down around 40 pips below its starting price.