The USD/JPY marched firmly after hitting the 150.00 mark for the first time in 32 years but retraced below the figure, at around 149.90s, at the time of writing, as market players weighed on a possible “stealth” intervention by Japanese authorities, even though the Bank of Japan’s loose monetary policy, and the Fed’s aggression, justifies higher exchange rates in the major, meaning a weaker Japanese yen, and a strong American Dollar. During the Asian session, Japanese authorities ramped up their verbal intervention in the markets as the USD/JPY surpassed the 150.00 figure. Additionally, the 10-year JGB’s yield shot ... (full story)