The USD/JPY remains subdued during the North American session, trading at 151.28, almost flat, amid renewed fears of Japan’s intervening in the markets to cap the Japanese Yen (JPY) weakness.
Japan’s Chief Cabinet Secretary Yoshimasa Hayashi said on Wednesday, he is “closely watching FX moves.” Additional comments Rapid FX moves undesirable.
USD/JPY is trading back in the lower 151.000s on Wednesday after rising up to a new high of 151.970 during the Asian session, its highest level for decades.