First, a look at what got us here.Thursday US time:Japan intervened in the forex market - reportAsia, Friday morning:ICYMI - the new angle Japan is taking on yen interventionJapan's Kanda says recent yen moves are somewhat rapidUSD/JPY smashed lower, back under 158.50 - Another round of JPY interventionUSD/JPY wild swings continue, back above 159.30No sooner than I hit publish on that final post the thing made a liar out of me and plunged back to 158.20 and under. The Bank of Japan have been active. Nikkei reports on a round of 'rate checks' (explanation of this below if you need) in EUR/JPY.A "rate check". This is when the Bank of Japan contacts FX dealers at banks and asks for a dealing le
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