Japan fin min Suzuki: 'no change' to stance, still watching FX moves with sense of urgency

Japan finance minister Suzuki:

• says no change to our stance, closely watching FX moves with a sense of urgency
• will take necessary steps on FX if needed

This is weak stuff from Suzuki. ICYMI, these are the sorts of comments that indicate imminent intervention:

• Here's what to watch for to warn of imminent Bank of Japan (BOJ) yen intervention

• The 4 things to watch prior to Bank of Japan FX yen intervention

This 'watching closely' ... he may as well say "Go ahead, buy USD/JPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term".

I was pretty sure that's what Yellen was saying earlier, hope you didn't miss this!

• US Treasury Secretary Yellen says the level of the USD is a logical outcome of policy

In a nutshell, Yellen dismissed globally coordinated FX intervention, saying that the market determined the value of the dollar.

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USD/JPY JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term update: