There has been no sign of any actual intervention in USD/JPY but dealers expect that we will finally see some official bids if USD/JPY falls to 82.00. They do not expect the BoJ to try and draw a line in the sand, rather they will hit the market at unexpected times and try and unnerve the JPY speculative longs.
The short-term charts are in a strong downtrend and resistance on the day should be firm around 83.40/50.
