Overnight, the USDJPY rose to the 144 handle which it hadn’t seen since November of last year. This new weak point in the Japanese currency is just the latest in a long trend that has been going on since April. That’s when markets came to the conclusion that the new head of the BOJ was actually serious about keeping easing policy in place. But, understanding that the currency is now approaching the levels that last prompted the BOJ to step in, there is a rising question: When will authorities do something to stop the decline in the yen? Technically, it’s actually the Ministry of Finance that steps in to shore up the ... (full story)