Japanese Finance Minister Noda said regarding recent fx moves

“The market is moving in a different way from March 18…….We are closely watching the market.”

Well there we have it. I for one am no wiser on what he means by “a different way” Ho hum.

USD/JPY marginally firmer at 79.85.

Talk of decent buyer of the AUD/JPY cross in recent trade. Most probably someone who sold it earlier taking some profit. Bless.