Both Reuters and Dow Jones say there was no official intervention in USD/JPY. Looks more like a classic “spoof” where someone armed with a healthy order goes out and pays all the orders, setting off the appearance of intervention and then sells into the resulting rally.
An MOF official in Tokyo is quoted as saying they are aware of the movements in USD/JPY but do not comment further.
USD/JPY is now at 76.50.
