The Japanese yen has increased today against the major currencies amid the fears of another intervention by the bank of Japan in the FX markets for the forth time this year, which caused the yen to increase against the U.S. dollar to breach the range which has been trading at since the last intervention by the BOJ.

The BOJ sold yen against the U.S dollar on October 31st , which considered the biggest intervention in the FX markets, and that's to decrease the yen's value which hurts the Japanese exports along with the economy's recovery.

The USD/JPY pair is currently trading around the level of 77.55 yens, after recording its lowest level at 77.53 yens and highest at 77.72 yens.