Fat finger in Yen market?

FXStreet (Bali) - USD/JPY has spiked over 60 pips in the blink of an eye, with still no clear catalyst as to what caused the rise in the rate from sub 120.00 level to 120.35/40.

We have seen former Japan MoF official Sakakibara saying USD/JPY rate is unlikely to be toward 125 rather move toward 115-120 range, adding that Kuroda will continue on policy course, and that reaching 2% inflation goal may take time.

Sep 18, 2015

FOMC aftermath leavs markets mixed - Rabobak

Analysts at Rabobank noted that in FX, wobbly EM may breathe a sigh of relief as USD sagged on the day, but those struggling to export their way out of growing domestic weakness will soon be cursing that gain.

USD/JPY freak spike to session highs faded hard

USD/JPY has popped back onto the 120 handle in a spike that rallied from 119.83 to 120.40 and to this time of writing, there has been nothing reported as yet.