USD/JPY smashed down to 146.50 but bounces back

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USD/JPY smashed down to 146.50 but bounces back

It looks a lot like intervention in USD/JPY. Here's the one-minute chart:If this was intervention, it's not a good look for the Japanese Ministry of F

It looks a lot like intervention in USD/JPY. Here’s the one-minute chart:

If this was intervention, it’s not a good look for the Japanese Ministry of Finance. It was swallowed up almost whole.

I have to think: If inflation is this high everywhere, are we on the cusp of a BOJ pivot?

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