USD/JPY flows: In Consolidation

The USD/JPY is in consolidation after firm words from Japan FM last Friday. The pair retreated from high of 157.89, in fear of an actual intervention from the BoJ. JPY also gained some traction from sour risk atmosphere. On Tuesday, we are seeing the pair moving lower, along broad USD weakness and red U.S. major equity indexes. Japan PM Takaichi says she spoke with Trump on a call but there is lack of detail, only mentioned they talk about U.S.-China relationship. It seems to be related to the escalated tension recently between U.S.-China.

USD/JPY is trading 0.17% lower at 156.65.