Goldman Sachs says that USD/JPY trading volume surged to almost nine times its typical level during Monday's suspected intervention by the Ministry of Finance.
I posted yesterday that we'll only get actual MoF numbers towards the end of May:
GS says prior intervention saw lower volumes transacted in USD/JPY.
If you check out the bounce in USD/JPY from its low on Monday this is perhaps because of all the BTD folks soaking it up! The yen weakness ain't over!
