Schrodinger’s yen – is it up 300 points or down 150?

USD/JPY got smashed after the US close from around 157.50 to lows around 153.00.

• USD/JPY slammed lower
• USDJPY falls below 100 hour MA and runs lower.
• USD/JPY is cratering, drops under 155.00 in super-thin intervention trade
• Those wide spreads you are seeing in yen crosses are a feature, not a bug

Bart Simpson Masata Kanda says he won’t say if it was him:

• Japan’s Kanda says he has nothing to say about whether Japan intervened in the yen

USD/JPY is up 300 points from it lows now, circa 156.00:

Or, down 150 from its highs:

You decide.

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