USD / JPY pair fluctuated within a very narrow range since the beginning of a new week, as traders were unwilling to take risks because of the fact that "the bushes" could leave the Bank of Japan with fresh interventions. This is a very short period of stability will not last, as the Ministry of Finance and the Bank of Japan will probably remember that buying interest against the yen may yet come to the end of the first fiscal half on Thursday. The dollar has stabilized after a sharp fall last week, which also gives some respite Tokyo. Nevertheless, the pair USD / JPY at around 84.20 is probably still below the value that would be like in Tokyo. Tonight publication Tankan will be the focus, a sharp drop in a double determination to MOF to prevent the further strengthening of the yen.
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