 A snippet from MUFG on the Bank of Japan surprise yesterday, on yen implications:this decision will impact all FX market players corporate hedging behaviour; investor hedging behaviour; speculative behaviour; and capital flows.The shift from the BoJ merely reinforces a strong and compelling view that the divergence at the heart of the surge in JPY selling in 2022 is going to reverse in 2023, resulting in a reversal of JPY selling that took the Yen to record levels of un... 