Japanese Finance Minister Suzuki speaking now about yen movement:
- will continue to watch FX, price moves carefully, with a sense of urgency
- FX rates move on various factors not just Japan-US interest rate diffentials
- FX moves driven by markets
Japanese authorities will be a little happier that USD/JPY has dropped from highs above 131 a couple of weeks ago and tracked more or less sideways since. Suzuki driving home the point.