USD/JPY flows: More intervention tough talk

Japan’s Finance Minister Katayama continue with her tough talk on intervention. This time she said she won’t exclude any options when asked about the possibility of U.S.–Japan joint intervention. To be fair, a joint U.S.-Japan intervention is the one needed to really put a lid on JPY speculation. However, such is also much more complicated than just BoJ intervening. With JPY's losses being stalled for now, such will likely remain to be talk.

USD/JPY is trading 0.24% lower at 158.22.