USD/JPY is dropping

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ADDED – there is some chatter about that Japanese media is reporting that coordinated intervention between Japan and US has been discussed. From what I saw reported on fin min Suzuki's comments earlier that is not the case. Such chatter would help explain the sudden USD/JPY dip though. USD/JPY has lost 20 or so points in a just a few minutes. No sign of intervention to buy the yen. Stay tuned though. Earlier today we had Japan's fin min cranking up the war of words on yen sellers. I summarised it in the wrap:ForexLive Asia FX news wrap: USD/JPY back to its US timezone highIntervention ….

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