USD/JPY flows: Approaching intervention zone

USD/JPY breaks 157 on Monday and is trading 0.06% higher at 157.24 on Tuesday's Asia session. Even we are not hearing any verbal intervention from Suzuki, one can always feel the cautious tone in the market as we approach the intervention zone. However, given the current pace of USD/JPY advancement, it seems actual intervention will occur at higher level rather than imminent. 10yr JGB yields continues to march higher while U.S. Treasury Yields perform individually.