USD/JPY flows: More jawboning

On Thursday Asia session, the FX market seems to be ready to observe the Easter holiday and was trading in confined ranges. We are hearing more jawboning from Japan chief cabinet secretary Hayashi saying he won't rule out any option against excessive FX moves. As we are hearing more and more jawboning from multiple officials, the likelihood of an actual intervention rises if USD/JPY remains stubbornly high. We also have the summary of opinion, which gives us no surprises but confirm BoJ is in no rush to further tightens.

USD/JPY is trading 0.02% higher at 151.36.