Japan finance minister Kato:
Won't comment on forex levels.Recently seeing one-sided, rapid moves.Important for currencies to move in a stable manner reflecting fundamentals.Alarmed over FX moves, including those driven by speculators.Will take appropriate action against excessive moves.I bolded some of those words, these are the signals used to convey concern is at a higher than usual level.
USD/JPY hasn't dropped too much:
We knew this sort of commentary was coming. Was sooner than I expected TBH:
USD/JPY above 158.40 - when do we get intervention remarks from authorities? This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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