Looks like some hair-triggers in Yen market

USD/JPY went from 92.95 to 93.05 to 92.80 and back to 92.95 in a matter of minutes and it looks like many traders are leaning on their hair triggers!

The market is still slightly short of Yen but is afraid that the BOJ might introduce aggressive actions and they miss out on the next big yen sell-off, whilst also being afraid that the BOJ might disappoint and leave their USD/JPY longs way out of the money.

I guess you just can’t win! Pick your poison and stick with it I say, although in reduced doses for now.