FX_IDC:USDJPY US DOLLAR / YEN
Indeed and thanks. ¥109 is a big line in the sand for them--whether or not they can defend it is a real question, though. I tend to agree with my colleague Kristian Kerr here -- https://www.dailyfx.com/forex/technical/article/forex_strategy_corner/2016/03/18/USDJPY-Psychology-Continues-to-Trump-Technicals-PT.html . The Japanese government is unlikely to draw the ire of the G20 by actively intervening in FX markets and starting an outright currency war of sorts.