USD/JPY flows: Japan FM Began his Jawboning

Japan Fin Min Kato verbal intervenes to support the yen, with the usual jawboning. It is not uncommon for verbal intervention to surface as USD/JPY has been elevated after the Fed pivot in December. Apart from specific level, looking forward the pace of weakness will determine the intensity of jawboning or actual intervention.

USD/JPY is trading higher at 0.47% at 158.30.