Japanese authorities are worried about the Yen’s rally

The Dollar versus the Yen rallied for today after certain media sources said that the Japanese authorities are worried about the strength that the Yen has been showing lately. This has made a lot of people think that there could be some intervention by the Bank of Japan. That is why the USD/JPY bounces to the upside from the 116.12 zone. But we still have to see the price breaking above the 118.00 level, because that level has been a good resistance zone.