USD/JPY is into the intervention danger zone following a strong non-farm payrolls report.The chart tells the story as the last time the pair traded up here in late April, the Japanese MOF came in with the hammer and knocked it down to 155.75 in short order. Anyone buying here is betting that this time they don't intervene. In that vein, the pair just quickly fell by 50 pips.The pair rose to 160.22 from 159.88 on the release of the US jobs report. It showed 172K jobs created in May compared to 85K expected. The prior two reports were also revised up by a collected 72K jobs, meaning the past three months have been strong.That will make it untenable for the Fed doves to maintain their stance that the jobs mandate is problematic. Instead, it's inflation at 3.8% that's the problem they will need to address. US 2-year yields are up 9.6 bps to 4.14% on the release and the market is now pricing in a full hike at the December meeting. This article was written by Adam Button at investinglive.com.