Japan flags yen's 'somewhat rapid' falls to G7 nL3N2WJ0N9

FX traders don't be fooled by dollar's pause vs yen nL2N2WJ0HV

USD's path higher vs yen was blocked by 129.50 offers on Wed nL2N2WI0I4

Traders subsequently took spot under down to 127.47 later in the session

Spot has since recovered from 127.83 to 128.64 on Thurs, according to EBS

There is talk Japanese importers and banks were major USD/JPY buyers in Asia

USD/JPY's 30/60-day log correlations with EUR/JPY are above +0.50

The two currency pairs close in the same direction more often than not