The Japanese Yen is languishing near 32-year lows seen last Friday as the market weighs up the prospect of the Bank of Japan (BoJ) intervening again. It is almost a month since Japanese authorities sold USD/JPY to provide some price stability for the currency. At the that time the high had been 145.90 and it is now trading above 148 as the market eyes off the psychologically significant level at 150. There has already been some jawboning to start the week with Japan’s Vice Finance Minister for International Affairs Masato Kanda saying that each country would respond appropriately and firmly to excessive currency ... (full story)