David Fuller's view There was a rumour that Japan might intervene once again to weaken the yen (I promise I did not start it, although it would suit me). Having been too slow to take profits on some of my trades in these choppy markets, I decided to sell my most recent USD/JPY long purchase. Accordingly, I sold a June position at ¥80.844 against yesterday's purchase at ¥79.818, reducing my position in this cross-rate by a third. I remain a buyer on weakness and a seller on strength. Prices above include all spread-bet dealing costs.