Japanese Yen recovers roughly 50% of All Saints’ day decline

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• Japanese Yen recovers some of the lost ground after dramatic post-BoJ sell-off.
• JPY makes back roughly 50% of the losses that incurred in the “Tokyo Chainsaw Massacre” that followed Tuesday’s BoJ meeting.
• USD/JPY returns and settles on prior highs prompted by investors’ dovish take of Fed Powell’s post-meeting presser. 

The Japanese Yen (JPY) is making back lost ground after the dramatic sell-off registered following the BoJ’s Halloween day meeting, in which it bled over 1% lower versus the US Dollar (USD). The runaway market backtracked on Wednesday and Thursday to fill the inefficiency gap created after Tuesday’s sheer drop – the largest recorded this year.