BOJ Intervention is a real possibility

It seems there is at least a draft form of currency intervention on someone's hard drive at the boj, and possibly soon to be a reality. Yen shorts across the market might start to feel a bit exposed, even if the market doesn't quite believe the boj will act, leaning full tilt into that risk doesn't feel right. Pencilling in a $6 relief on the yen, lets see.

Trade closed: target reached