Bank of Japan Governor Ueda says important for FX to move stably reflecting fundamentals

<p>More again from Bank of Japan Governor Ueda, trying his hand at some verbal intervention to support the yen.</p><p>Who wants to tell the Gov that a 500-odd bp yield differential between the US and Japan is a very strong fundamental that is moving the USD/JPY rate?</p><p>Ueda:</p><ul><li> important for FX to move stably reflecting fundamentals</li><li>BOJ hopes to work closely with the government to scrutinise the impact of FX moves on the economy and prices </li></ul><p>- </p><p>USD/JPY not doing a lot:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.