I think that pretty much says it all. The warnings today are a step up on verbal intervention but they are still merely what it is, just verbal intervention. The threat of any real intervention in the market is still a bit of a reach and unless the yen quickly tumbles to 150.00 on the dollar, we are unlikely to see Japanese authorities hit the panic button.
This article was originally published by Forexlive.com. Read the original article here.