On July 4, market data show that USD/JPY is trading between 144.20 and 144.71. At press time, it was trading at 144.50, representing a 0.11 percent decline on the day. The decline comes as investors and traders are concerned about possible Japanese intervention. Likewise, performance across the broader market was calm with the Independence Day holiday in the United States. The pair went up 0.27 percent on July 3 but sustained close to the lowest level in 8 months (145.07) attained in the previous week. The fall led to the Japanese Finance Minister Shunichi Suzuki’s warning against excessive yen selling. U.S. markets ... (full story)