They are working the press like a organ this morning, pushing buttons, stamping on pedals and blowing lots of hot air out their pipes…
The latest headline is that the MOF says they will intervene during Tokyo hours tomorrow if necessary. Why not just hang a sign on the door of the Ministry saying “Open 24 hours”?
USD/JPY is consolidating at 85.60. Dips are seen limited to the 85.00 area where huge bids were noted earlier in the day.
