Japan trying some verbal yen intervention after the close, can’t blame ’em for trying

Bloomberg with the headline, a comment from a Japanese ‘government panelist’ saying it may intervene before USD/JPY reaaches 160.

I’m giving him a C, mainly for making an effort.

USD/JPY is around 157.50, so there’s another two and a half big figures before 160. I’m sure that’s not what this ‘panelist’ thought traders would be thinking.

This article was written by Eamonn Sheridan at investinglive.com.