Yen traders are bracing themselves for a redux of September 2022, when Japan intervened in the market to prop up the ailing currency in the wake of a central bank decision that reaffirmed accommodative monetary policy. With the yen already much weaker than it was then, and US interest rates unlikely to come down anytime soon, the mere lack of any hawkish comments from Bank of Japan Governor Kazuo Ueda on Friday may be enough to push the currency toward a possible inflection point. Based on an analysis of comments from the Masato Kanda, the top currency official at finance ministry, 157.60 versus the dollar is one key ... (full story)