USD/JPY flows: Challenging Recent High

As USD continue to perform strongly, USD/JPY is challenging recent high at 151.97. U.S. Treasury Yields jumped on Monday and has retraced partial gains so far on Tuesday's Asia session but JGB yields have erase Monday gains. Japan's Suzuki intervened verbally once again but has failed to inspire any JPY strength. It is no doubt we are getting closer and closer to an actual intervention yet instead of a specific level, the pace of rally will be the key factor for the intervention.

USD/JPY is trading 0.07% higher at 151.74.