I reckon he will though, he normally does ...

These past few days we've heard from various within the Japanese administration trying to talk down the yen.

Aso:

  • Japan and US economic fundamentals are very solid

HERE WE GO:

  • Yen's strength not enough to require intervention
  • Yen strength is not abrupt enough now to intervene

Ya see what I mean?

'No comment' pretty much always turns into a comment with these guys!

Anyway, USD/JPY down on Aso's comment ... it had managed a bit of a retrace into the area where sellers were noted .... hope it helped

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