Tokyo is trying to preserve the deterrent effect of intervention through warnings and its cooperation with the US Treasury, but a clearer view of Washington’s limited financial contribution could encourage markets to test how far Japan will act independently. With US yields and Fed tightening expectations still favoring the Dollar, a durable Yen recovery may be harder to sustain.The post USD/JPY Tests 160 as Modest US Intervention Commitment Raises Questions, PPI Cools Dollar appeared first on ActionForex.