The USD/JPY has made a very suspicious 40+ uptick in what may be understood by the market as BoJ magic hand intervening in the market to protects exporter's interest, as the Yen continues to trade below broken key support at 78.30. No official comments with regards to the spike so far. USD/JPY trades at 78.15 after a high at 74.44. The Nikkei ¡s down over 2.3%. According to Haruya Ida, FX Analyst at IFR Markets: "There is talk also of Japanese players being warned of going long JPY. Threat of BoJ intervention seen higher with talk of price checks not only from BoJ but Fed too, which may suggest G7 action. Any ... (full story)