Japanese FX Intervention Fails Again As Yen Plunge Continues

• Japanese FX Intervention Fails Again As Yen Plunge Continues
  by Tyler Durden, https://www.zerohedge.com/
  The Japanese Yen appears to be inexorably drawn to the Maginot Line of 150/USD as for the third time in less than a month, Japan’s ‘yentervention’ failed overnight.
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  As we detailed before the Asian open last night, Japanese Prime Minister Fumio Kishida stepped up the rhetoric against the weakening yen, daring traders to test him with threats of policy maker willingness to step into markets.
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  They did test him… and it appears pretty clear than Tokyo stepped in (though not admitted)… and then the yen kept tumbling further…
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  read more.

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