USD/JPY flows: One way traffic

The one way traffic in USD/JPY finally met with verbal intervention as Japan finance minister Kato says will take appropriate action versus excessive FX moves. It is just the regular rhetoric and does not seems to be escalating or met with an actual intervention for now. Japan preliminary Q3 GDP came in at 0.2% with private consumption seems to be performing better than estimate but will need confirmation from the final GDP figure.

USD/JPY is trading 0.12% higher at 156.43.