Japan finance minister says exchange rate should move stably

<ul><li>One-sided movement seen in the current market</li><li>Will respond appropriately to excessive moves if necessary</li><li>No comment on FX levels</li></ul><p>The verbal jawboning hasn't really deterred USD/JPY bulls to bring the pair up to 144.00 yesterday. If you're not familiar with the comments from Japan officials, by saying that they have no comment and offering the more obvious points above is basically a signal that they are reaching their limits before stepping in.</p>

This article was written by Justin Low at www.forexlive.com.