Well, thats it from Ueda. He had the opportunity to say something, anything, to push back against the sliding yen but he hasn’t. He isn’t normally the ‘go to’ official for intervention-type comments but with USD/JPY within just a few spreads of the psychological 152.00 level I thought he might have said something.
Nope.
Maybe the Nikkie is liking the weak yen a little too much for any push back today?
This article was written by Eamonn Sheridan at www.forexlive.com. Source