Japan chief cabinet secretary Hayashi:
- Won’t comment on forex levels or forex intervention
- Important for
currencies to move in stable manner reflecting fundamentals - Rapid fx moves
undesirable - Closely watching fx
moves - Will be ready to
take full response - Expect BOJ to work
closely with govt - Expect BOJ to
conduct appropriate monetary policy to sustainably, stably hit its
price target, working closely with govt
The words aren’t really having much of an impact.
USD/JPY is not far from today’s (and 34 year) highs around 155.40
This article was written by Eamonn Sheridan at www.forexlive.com. Source