“Japan’s Finance Minister Shunichi Suzuki and US Treasury Secretary Janet Yellen likely discussed coordinated currency intervention during bilateral talks,” TBS reports, citing a Japanese government source.

“The US side sounded as if it will consider the idea of joint FX intervention positively,” the source added.

Market reaction

USD/JPY is trading around 128.50, unfazed by the above headlines. The spot is up 0.09% on the day.