USD/JPY (or ought to we name it USD/Yellen?) remains to be racing larger

US Treasury Secretary Yellen spoke over the weekend:

• Yellen didn’t sound unsupportive of Japan’s ‘rumoured’ intervention, but she didn’t sound real keen either

The TL;DR version of that post ios Yellen telling Japan that “You’re on your own!” re intervention. Check it out for why.

USD/JPY has been heading higher for the session so far:

ps. It’s a Japanese market holiday today.

This article was written by Eamonn Sheridan at www.forexlive.com.