We have been looking for a base in USD/JPY to place an order that we just let run, and we may have got that fundamental signal overnight. We have seen five sets of intervention from Japan in 27 years of Forex trading, that have lead to sustainable price action, that although against the technical trend at the time of placing, have all followed through to profit. As most are very much aware, the Finance Ministry tends to get what it wants, one way or another. This may be the one pair that the dollar can get to grips with;
"Dec. 18 (Bloomberg) -- The yen weakened from near a 13-year high against the dollar after Japanese Finance Minister Shoichi Nakagawa signaled the nation is ready to intervene in the foreign-exchange market for the first time in four years. “We will take necessary steps if needed” to limit the currency’s advance and protect the overseas earnings of Japanese exporters, Nakagawa told reporters in Tokyo."