AUTOREFRESH 
If you don’t like Japan’s currency policy, wait an hour
By Jamie Coleman || September 28, 2009 at 12:23 GMT
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New Japanese fiance minister Fujii is learning some painful lessons on currencies early in his tenure.
Lesson one: Don’t give the market a target. Don’t have your buddy Sakakibara tell the wires it’s okay for the dollar to drop below 90 and that you won’t get nervous until 80. The market will take his word for it.
Lesson two: Don’t run to the wire services every time the yen strengthens and say “I didn’t really mean it!” That doesn’t help your credibility.
Japanese exporters have lowered their offers to the 90.00 level now, traders report, not taking any chances that Mr. Fujii will have another change of heart. We trade now at 89.58.
haha lol. well said Jamie. I fully agree
[...] former colleague Jamie Coleman at ForexLive posted a fun look at the yen situation. The Japanese have always stood ready and willing to [...]