Not heard the "I" word officially yet

And back down to 111.78

Nothing on the wires. We could have a fat or itchy finger from a BOJ ring-around.

This is a perfect example of the market getting jumpy over intervention

112.27 trades now

If it was intervention it would be sustained and we'd see it go up in large steps.

Similar moves in JPY pairs obviously

JPY pairs (ignore eurgbp)