Intervention watch in yen trading is high at the moment. Comments from Kishida are crossing:
Important for currencies to move in stable manner, reflecting fundamentalsWon’t rule out any stepsClosely watching FX moves with a high sense of urgencyWill take out appropriate action without ruling out any options to deal with FX moves
USD/JPY is flat today at 151.30.
This article was written by Adam Button at www.forexlive.com.