After Initial Surge, Yen Slides Thanks To Massive 7 Trillion Yen Liquidity Pump

In early going, the yen surged thanks to repatriation/cash-raising.

Then the BoJ announced a 7 trillion ($86 billion) liquidity injection, and now the yen is actually weaker on the day.

Bear in mind, too, that equities are paring their losses (a bit).

Here’s USDJPY:

chart

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