More ‘no comment’ comments out of Japan on intevention

A Japanese Ministry of Finance official:

  • Declines in fx reserves due to rises in interest rates, non-dollar
    currency drops
  • No comment on fx
  • Won’t comment on
    individual transactions involving intervention

Meanwhile, USD/JPY has dropped away a few points after the Bank of Japan April meeting Summary:

This article was written by Eamonn Sheridan at Source