DislikedSellers will be back in. This bounce does not indicate smart money for now....
As for BoJ intervention, they've been threatening this since last August, so we may be waiting.Ignored
As for BOJ, you are right they alway threaten to intervene, but now they may have more cause to do so as Yen is approaching all time highs against major currencies. If they didn't feel comfortable with the value of yen a few months ago, imagine how they are feeling now. I am not predicting their intervention, but I am saying big boys are scared of it happening.
Now, lets see if we can get past 120.