Speculation that Kampo was buyer around 89.00 last night

I’ve heard from two different sources that the bids around 89.00 last night in USD/JPY were exceedingly large and both parties are of the same view that semi-official intervention was taking place. This would be no surprise as the Japanese authorities have said in recent months that they will act to curb excessive JPY strength. With intervention by the SNB, ECB, RBA and even the Fed joining in, it would be no surprise if the BoJ were also active.