USD/JPY moved up pretty quickly from 92.60 to near 93.50, prompting some talk that the BOJ or its surrogates stepped in with some bids. The BOJ will sometimes use the postal savings system (“Kampo”) to act on its behalf, masking intervention and lowering the stakes if the action fails to turn the market tide.
Overnight, the RBA is said to have stepped into to buy some Aussie below the 0.6100 level.