BOJ's Takata: We won't evaluate currencies by focusing on certain levels

<ul><li>Overseas factors having greater impact on currencies</li><li>We need to stand ready to flexibly respond to uncertainty</li><li>Action in July was a flexible response</li></ul><p>The fact that he is being rather sensitive about currency developments might spook yen shorts a little. USD/JPY is down at the lows for the day, lower by 0.35% at 147.20 currently.</p>

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