Keywords used by Suzuki included:
rapid
FX moves
speculative moves
won’t rule out any steps to
respond to disorderly FX
These are of a more stringent nature than the ‘watching closely’ sort of mumbling we usually get. These indicate we are moving closer to ‘rate checks’ and then actual intervention.
USD/yen update (looks dramatic but check the scale):
This article was written by Eamonn Sheridan at www.forexlive.com.