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:
Intervention ....
