South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Bank of Korea Nominee Shin Hyun-song Signals Possible Rate Hike Amid Middle East Inflation Fears 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance 
Intra-day USD-JPY price action which has evidenced occasional spikes higher shows the fear of intervention from the Bank of Japan. Historical data has shown that intervention usually causes a knee-jerk reaction, between2%-3% higher and then a reversal.
We are now firmly in intervention territory, and the threat is rising. The situation is very
similar to when the Japanese authorities last stepped in to the FX market in 2010 and
2011. The BoJ tends to intervene early in Asian trading (just after midnight UK time).
"Reversal depends on whether it is unilateral or multilateral intervention. Unilateral intervention is unlikely to change the trend. We believe it will be a unilateral intervention and the reversals in these cases are much faster." notes HSBC Research.
