The last 16 hours have been a bit off colour for Japan in their attempts to stem the depreciation in the yen. For one, they reportedly intervened in the market to try and capitalise on a softer US CPI report during the start of US trading. Then, they even allowed for said move to be leaked quite quickly after.I mean, sure, we all had our suspicions. But it's quite unlike Tokyo to so easily let the news come out just like that.USD/JPY is down nearly 250 pips since before the US CPI report but somehow, this still looks like a failure on the part of Japanese officials. If you want to frame it in another way, the pair is up some 170 pips from the low of 157.40 after the reported yen-tervention.S
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