If FX traders liked USD/JPY at 150 they’re gonna love it at 149!

It was a big Tuesday for USD/JPY during US time:

USD/JPY smashed lower in sign of intervention

Japan senior MOF official asked about intervention: No comment

No comment? LOL:

The spread between US and Japanese yields widened even further during the session on Tuesday. The huge favourable spread for the USD has not changed at all. Dip buyers will be about today.

This article was written by Eamonn Sheridan at www.forexlive.com. Source