There are still plenty of profit takers out there and USD/JPY really only gained 30 pips on the comments from the former BOJ deputy.
He said that a Yen correction was necessary in order to fulfil the BOJ’s 2% inflation target and that levels between 90/100 for USD/JPY were simply a return to equilibrium.
I still think that range trading broadly between 92/94 is the most likely outcome for the next few sessions.