USD/JPY flows: Is this jawboning or not

As the aftermaths of higher U.S. CPI, USD/JPY has once again reached new highs above 153 figure. Suzuki came up with an escalation of rhetoric by suggesting close communication with Kanda, who executes intervention, to try and curb the JPY's weakness. However, he followed up with a remark that forex levels are basically determined by markets and suggest weak JPY has its pros and con. It does not sound like someone who is ready to pull the trigger.

U.S. Treasury Yields are taking a breather while JGB yields continue to climb, USD/JPY is trading 0.156% lower at 152.90.