The Nikkei is reporting that Nomura is saying that:
- despite a notably covered home from officials since late March as the Yen hovered above the 152 level, “there is no says that they are going to intervene anytime soon”
The Mitsubishi Trust in banking added:
- The JPY dropped below 152 all at once, so intervention could well, at any time
This article was written by Greg Michalowski at www.forexlive.com. Source