USD/JPY trading to 157.30. Its 9am in Tokyo, watch out for jawboning

Japanese authorities will not be happy with the further weqakeness in the JPY overnight.

I'm blaming Kashkari:

• Kashkari on (higher) Fed rates: Unlikely but "I don’t want to take anything off the table"

But, he is just adding fuel to the fire.

Be careful of verbal intervention from Japan today, its only a matter of when.

We do have a BOJ speaker also:

• Bank of Japan board member Seiji Adachi will be speaking today

Yen: