Japan chief cabinet secretary Matsuno:
- No comment on whether Japan intervened in fx market
- Important for
currencies to move stably reflecting fundamentals - Excessive fx moves
undesirable - Will continue to
take appropriate steps on fx
Finance Minister Suzuki and his head of FX Kanda have both refused to comment on whether Japan intervened in the FX market also.
It wasn’t just someone buying a few yen on a wild punt:
This article was written by Eamonn Sheridan at www.forexlive.com. Source