Japan fin min Suzuki verbal yen intervention comments – will take appropriate steps

Japan finance minister Suzuki comments are not shifting USD/JPY much at all:

  • Important for currencies to move in stable manner reflecting
  • 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