The pair fell by roughly 1.3% yesterday, which was the steepest fall since Japan intervened in the market last Thursday. Before that, you'd have to look back to the start of May when Japan stepped in once again at the time. That speaks to the significance of the decline yesterday.Still, it wasn't one that had the typical trademarks of Japan intervening. Or at least in my view, the price action was not as clear cut as it was on Thursday and Friday last week.Adding to that, there are a couple of other factors that might be of impact too. For one, we are seeing USD/JPY break below its key trendline support for the year as seen above from the white line.Then, there's the rotation play in Wall St
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