Japan looks to finally draw a line on the yen freefall

Read full post at forexlive.com

Now, this is more like it. Comparing this to the blip on Friday, there is definitely much more of a difference even in the first 30 minutes so far. It certainly looks like Tokyo is making it known that they are in the market. I mean, I really can’t think of anything or anyone else that could move USD/JPY in such a manner.

The question now though is, can they really keep this up if the market pressure continues over the short to medium-term?

More to come..