Japan press: Yen headed skyward as prospects for intervention recede

Tell us what you really think, sheesh

Pretty strong headline in the Nikkei ... Yen headed skyward as prospects for intervention recede

• Growing market speculation that the Japanese government will not intervene in the currency market any time soon is threatening to remove what little downward pressure still remains on the yen
• The market considers repeated promises of intervention "a sign that authorities can no longer actually intervene the currency market, like past actions totaling several trillion yen," said Koichi Fujishiro of Dai-ichi Life Research Institute.

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