According to the latest Reuters report, bets against the Japanese Yen have risen to $8.6 billion equivalent. That was a similar level when Japan’s authorities intervened last year.

“Japan's authorities may think currency speculation is excessive,” the report said, adding, “the problem for Japan policymakers is their own policy.”

Market reaction

USD/JPY is off the intraday highs of 140.45, trading at 140.24, at the press time. The pair is adding 0.18% on the day.