$USDJPY -1.4% today — what's driving it?

A 1.38% drop isn't exactly 'moving hard' for a currency pair in this environment, especially without more context on the timeframe. Curious what the catalyst is if it's not just regular market noise.

This move on USDJPY is significant, especially considering the recent stability around these levels. I'm curious if this is purely a reaction to renewed rate cut speculation or if there's a more fundamental shift in sentiment towards the yen.

This move is interesting given recent central bank commentary. I'm wondering if this is profit-taking or something more fundamental shifting.