Will we see intervention and the propping of Yens?

We have seen various instances of Japanese Govt intervention and the propping up of a weak Yen.

The Yen tends to get to seriously weak points like this as a result of their MP stance (low rates, high exports). The FED rate still sits much higher, as do most major economies.

Japan benefits from a weaker currency until it gets too weak. If we see any further rises, we may see such falls as eluded to by Finance Minister Kato earlier today.

After the assumption that FED may ease more slowly, USD strength still has a case.

Looking for re-shorts on higher fib levels back towards previous highs. Any real price rise (especially if its quick) is likely to warrant further Intervention.

Any serious intervention may cause rapid falls on Yen crosses, so a short side bias will be taken but only in proportion to equity/risk at all times.

Awaiting further sentiment.