The nerves are starting to show again in USD/JPY ...Middle East

This is the sort of nervous price action that we also saw previously when getting close to intervention territory. The pair just took a quick dip from 159.60 to 158.75 before holding around 159.15-30 levels again.In the run up to the last intervention, there were also jerky price movements such as this during the build towards 155.00 previously. That ultimately settled with a break higher though, before Tokyo stepped in at the 160.00 mark.For now, the price jumps are not too volatile even with the rise since last week. So, I wouldn't say Japanese officials are feeling extremely compelled to intervene for the time being.This is all pretty much the same sort of nerves that is leading to profit

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