Intervention risk may remain persist in the yen trading.USD/JPYOANDA:USDJPYWiseLeoTradingThe decline in the US dollar - yen and the US dollar index right before the NFP data release raised speculation about MoF coordination with the Fed to intervene in the yen as the currency fell to its lowest level in 40 years. A hawkish Fed responding to broad-based price increases, contrasted with the BoJ's overly gradual tightening progress, weighed heavily on the yen. However, the newly released, weaker NFP data eased Fed rate hike expectations and narrowed the US-Japanese yield spread, which dampened the US dollar - yen. Market participants remain concerned about continued action from the MoF, which might strengthen the yen further. Technically,the US dollar - yen briefly fell below 160.75 before recovering toward the EMA24 and 161.50. The price shows lower swings with death-crossed EMAs, indicating a bearish shift. If the US dollar - yen stays below 161.50, the price may retest the support at 161.00. Alternatively, returning above 161.50 might lead to a recovery toward the subsequent resistance at 161.80. By Van Ha Trinh - Financial Market Strategist at Exness