On USD/JPY towards 145: "We are now approaching FX intervention territory "

I posted earlier on the l;evel to watch according to NAB:

• 145-150 in USD/JPY nominated as the area to watch for Bank of Japan yen intervention

More from NAB on the yen:

• Japan, is ... (engineering) a lower currency.
• The move up in core yields alongside improvement in (equity) risk appetite are supporting a weaker JPY given the BoJ ultra-easy policy.
• We are now approaching FX intervention territory with the market bracing for an MoF announcement as an when USD/JPY climbs above ¥145.

---

Reminder if you haven't seen this yet:

• The 4 phrases from Japanese officials to listen for signalling imminent yen intervention