What’s a HAG? A hairy-assed guess…
I’m guessing that China bought some USD/JPY to protect their 80.00 barriers and got the ball rolling on the intervention talk…
USD/JPY trades at 80.60 after reaching 80.50 for a split second. The trade prior to 80.50 was at 80.40, to give you some idea how squirrelly things got there for a few seconds .