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The yen has continued to trade at stronger levels overnight after strengthening at the start of this week on the back of fresh warnings from Japanese policymakers over the threat of further intervention. USD/JPY fell to an intra-day low yesterday of 156.51 after Reuters reported comments from Japan's chief currency off
Says Undervalued Yen Is Generally Problematic - To Maintain Close Communication With US Treasury To Ensure Orderly FX Markets
The Japanese yen depreciated past 160 per dollar on Wednesday, its weakest level in a month, retracing about two-thirds of gains after Tokyo–Washington currency intervention.