USD/JPY is trading in an aggressive manner today on reports Japan intervened to provide much-needed support to Yen. This marks the first time that Japan directly intervened in the market since 1998. The pair initially soared 100 pips after the Bank of Japan reaffirmed its dovish policy stance, saying it plans to keep interest rates at low levels, contrary to other global central banks that have tightened their monetary policies to bring down the rampant inflation. Q2 2022 hedge fund letters, conferences and more USD/JPY soared to almost 146 before the government confirmed it made interventions…