USD/JPY Surges to Pre-intervention Levels - Volatility Incoming?U.S. DOLLAR / JAPANESE YENFX_IDC:USDJPYCityIndexUSD/JPY surged on Wednesday with a hawkish Fed, strong US fundamentals behind it while traders remain heavily short the yen futures. I outline why the MOF are likely to stand aside and not intervene despite these giddy heights. But at the same time, traders need to be on guards for strong bouts of volatility around current levels. MS