Even though many of the Japanese Yen crosses ended the day unchanged, there was a significant amount of intraday volatility.
USD/JPY hit an 8 year low of 101.42 before rallying to an intraday high of 103.24. This was largely due to the big swings in the stock market which led to big reversal candles in all of the Yen crosses. The Bank of Japan kept interest rates unchanged at 0.50 percent while the BoJ monthly report said that even though the economy is still expanding, the pace of growth is moderating.