Japan economy minister Kiuchi flags rate rise risks
USD/JPY is staying above 160 and we haven't heard much intervention yet. It is mostly becasue the latest rally past 160 is geopolitical event driven and the pace isn't explosive. The BoJ could be playing it slow as they believe their potential hike in June could curb the losses in JPY with some hawkish forward guidance.
USD/JPY is trading unchanged at 160.16.