A spokesman for the Japanese government with verbal intervention to prop up the yen:
- Won’t comment on FX levels
- important for currencies to move in a stable manner reflecting fundamentals
- closely watching FX moves with a high sense of urgency, including speculative moves.
‘Speculative’ is code for they are not happy.
These comments follow similar earlier today:
- Yen intervention comments out of Japan
USD/JPY update, back near 150.00:
This article was written by Eamonn Sheridan at www.forexlive.com.
#Japan #govmt #closely #watching #speculative #moves #Forexlive
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