USD/JPY flows: Staying elevated

As USD continue its post Trump rally, the USD/JPY is staying elevated on Wednesday with little sign of verbal intervention from the Japan side. It is understandable in a way as the Japanese government and BoJ would be more intimidated by the pace of weakness in JPY rather a specific level. And now after the initial frenzy, the pace of weakness does not seem to be accelerating. But do not get me wrong, the continual weakness of JPY will remain in the heart of BoJ and the Japanese cabinet and we will likely hear from from them if USD/JPY rallies further .

USD/JPY is trading 0.14% higher at 154.81.