USD/JPY Moves Sharply Lower

USD/JPY is trading at 105.60, down 1.60 The pair is trading choppy and has moved down in rapid fashion. Market talk about comments from Bank of Japan Governor Haruhiko Kuroda is making the rounds. There are reports that Governor Kuroda said there was no need, and no possibility of using helicopter money. There is a lot of chatter about possible comments from the Group of 20 (G-20) finance ministers meeting in China this weekend. The Bank of Japan's (BOJ) meets on Thursday July 28th.