USD/JPY intervention: "150 remains a closely watched figure, not a clear line in the sand"

<p>Mizuho on USD/JPY at 150:</p><ul><li>Admittedly, the continued JPY weakness is a concern. While 150 remains a closely watched figure, it
is not a clear line in the sand.
</li><li>JPY weakness will be restrained as JPY bears will be wary of intervention risks.
</li><li>Simply put, should the US economic data outperform, the BoJ will likely check pace of JPY
depreciation rather than maintain a wall at 150 especially amid rising energy prices.</li><li> All in, the USD/JPY to remain buoyed above 148</li></ul><p>Decent commentary from Mizuho. I agree, 150 is a round number, not a hard and fast line.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.