According to Jinshi, Kit Juckes, chief global foreign exchange strategist at Societe Generale Research, said that the biggest reaction in the foreign exchange market to the US non-farm payrolls data may be the yen. The Bank of Japan obviously intervened this week, lowering the USD/JPY from 160 to around 153, but if the US data is strong, the yen is unlikely to remain at these stronger levels. He further pointed out that the Bank of Japan's intervention this week may be the largest in its history, but it will not be enough if today's US non-farm payrolls report or next week's CPI data are stronger than expected.