Given the size and nature of the move, it’s tough to think of anything or anyone else that could have moved price action in such a manner. USD/JPY is still keeping around 155.90 for the time being, down 1.5% on the day and down from around 159.60 before the BOJ/MOF stepped in. We’ll only get verbal confirmation from Japanese officials themselves after they release the FX data next month here.

This article was written by Justin Low at www.forexlive.com.