Japan MOF's Asakawa out on the wires 16 Feb
One-sided? Noooo, we've seen a decent rally to 106.00 from 105.56 this morning after the fall from 115, lol
- watching market moves with concern
- ccy should reflect economic fundamentals
What? You saying you economy not good then ?
- no comment on current levels
- paying attention to volatility
- refer to G7 policy on FX
- moves have been excessive
Yep, quite agree. Hurrah !
Joking aside don't forget it's the MOF not the BOJ that intervene should the occasion ever arise.
USDJPY currently 105.84 after failing around 106.00
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