One day after the strong Yen move rumors abound on the possibility on intervention. Every half an hour or so, there is an update about what Noda or Kan said, or did not say, who called whom, why there was no meeting but a phone call, etc. It is taking on a shape of circus. [...]

Have to do brief update today. The Japanese Yen broke nicely and made good size move, which means that the trade covered yesterday,  short NZD-JPY was filled and reached the 90 pips objective, if just. For now one would expect some recovery, probably settling into a range for a while. News and comments from Japan [...]

Couple of days after the FED rate decision, the major support of USD-JPY is still holding. In fact, today this pair, and all other Yen crosses, rebounded quite a bit. It seems that the assault on new lows is over. For now, that is. One could argue that the USD-JPY broke the support, because the [...]