Japanese Finance Minister Suzuki is getting an early start with verbal intervention to support the yen today.
A Fed official didn't help him out overnight:
![usdyen verbal intervnetion 150 27 September 2023](https://images.forexlive.com/images/usdyen%20verbal%20intervnetion%20150%2027%20September%202023_id_ee724082-c96f-41b1-be6b-7f0a98578dd2_size900.jpg)
150 is more a psychological level than anything else - a big round number. The sooner the band-aid is ripped off the better.