Tuesday 27 June 09.30

The JPY is still the weakest currency, but with intervention talk getting louder it feels like it's only a matter of time before the BOJ either abandons yield curve control or buy enough Yen to send USD/JPY lower.

There may be a time JPY becomes un-tradable but at the moment I think its still shortable, it's just a case of having to accept that if intervention happens any JPY trade you're in will stop out.