And this is what we’ve seen in the early hours here in Asia, in very thin liquidity. AS these centres come on line we’ll get liqudity returning to the marekt to a greater degree.
There is a huge gap for USD/JPY to fill.
For the equity folks, the sharply lower yen makes Japanese stocks cheaper ex-Japan and so should act as a tailwind. Mind the gap though
USD/JPY gap higher open on the back of Japanese politics, circa 149.35