Japan's MOF man in charge of currency out on Bloomberg 22 Sept
- watching markets closely
- will act as needed is speculative moves continue
- today's meeting between MOF, BOJ and FSA was set up urgently
- got explanation from BOJ on policy
As in they've hit a brick wall and got nowhere else to go ?
- must press ahead with structural policies
- BOJ's overshoot commitment is significant
Or so they want us to believe whilst taking the markets for mugs.
USDJPY a tad higher at 100.37 as stops triggered on EURUSD help EURJPY to rally too.
