Japan govt. official says watching FX market with sense of urgency

Author: Eamonn Sheridan | Category: News

Reuters with comments from a Japanese government official

  • Recent FX moves are rough
  • Closely Watching FX market with sense of urgency

More weak verbal 'intervention' out of Japan

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More detail from Reuters:

  • Government official ... declined to comment on whether Tokyo would directly intervene
  • The official told reporters on condition of anonymity


The 'declined to comment on whether Tokyo would directly intervene' is normal sort of stuff for this stage of the 'intervention'.

  • At the moment its about slowing the yen's rise, not necessarily halting it.
  • About reminding the market there is a two-way risk in the yen (check out the move overnight from 111 to 113, get the idea?)
  • The 'decline to comment' - i.e keep the market guessing.
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