Japan’s finance minister Aso says:
- Japan must always be ready to send signal to markets to curb excessive, one-sided FX moves
- Japan, as with any country, must set aside necessary reserves to conduct FX intervention when needed
Also, a BOJ seniour official cited:
- FX is an important tranmission channel for moentary policy but monetary policy doesn’t directly target FX rates
USD/JPY ticking a little higher after these comments
