USDJPY at 161.759 – Intervention Watch?

Watching $USDJPY hover around 161.759 today, feels like we're all just holding our breath waiting for the BoJ to do something. The market's clearly testing their resolve. You'd think after the last go-around they'd be a bit more proactive, but then again, who ever said central bankers were predictable? My watchlist is stacked with short JPY pairs, but keeping my powder dry until we see a definitive move or a complete capitulation from the Japanese Ministry of Finance. It’s like watching a really slow-motion car crash, you know it’s coming, just not exactly when. Meanwhile, $BBL down -2.43% at 64.18 is a quieter but equally interesting move, perhaps a signal of broader industrial slowdown concerns bubbling under the surface, or just another Tuesday.