Traders report a large USD/JPY seller in the 84.35/40 area is helping keep a lid on USD/JPY at the moment. Rumors are morphing that the MOF may try and intervene ahead of the weekend in support of Kan’s candidacy to retain leadership of the DPJ and the premiership). Earlier talk was that intervention could come on Monday, ahead of the Tuesday vote…
USD/JPY is consolidating gains now in the high 84.20s.
