Japanese Yen weakness remains as one of the more dominant themes across global markets and this week has brought fresh lows for the JPY in a number of currency pairs. I looked into this last week as USD/JPY putting in another test of the 160.00 big figure. As I wrote then, Masato Kanda of the Japanese Finance Ministry had already opined that intervention was a possibility, which delivered a quick pullback to the pair. But the fact that he was making threats also made it seem as though the MoF and BoJ weren’t yet ready to intervene, and that quick pullback was followed by strength as the pair valued above the ... (full story)