Japan finance minister Suzuki comments are not shifting USD/JPY much at all:
-
Important for currencies to move in stable manner reflecting
fundamentals - Will make
appropriate steps on fx moves with high sense of urgency - Japan’s price
inflation is affected by weak yen along with Ukraine situation - Will stand ready to
respond while closely watching fx moves
- Long-term interest rates are affected by various factors
- Closely watching
long-term interest rate, impacts on household lives - Won’t comment on
currency intervention - Currency
interventions are not targeting fx levels - Whether to carry out
currency intervention is determined by volatility
That last comment. If there is one thing USD/JPY is lacking right now its volatility. A green light for an attempt at 150? Inadvertently I am sure.
This article was written by Eamonn Sheridan at www.forexlive.com. Source