Japan fin min Suzuki verbal yen intervention comments – will take appropriate steps

<p>Japan finance minister Suzuki comments are not shifting USD/JPY much at all:</p><ul><li>
Important for currencies to move in stable manner reflecting
fundamentals</li><li>Will make
appropriate steps on fx moves with high sense of urgency</li><li>Japan's price
inflation is affected by weak yen along with Ukraine situation</li><li>Will stand ready to
respond while closely watching fx moves</li></ul><ul><li>
Long-term interest rates are affected by various factors</li><li>Closely watching
long-term interest rate, impacts on household lives</li><li>Won't comment on
currency intervention</li><li>Currency
interventions are not targeting fx levels</li><li>Whether to carry out
currency intervention is determined by volatility</li></ul><p>

That last comment. If there is one thing USD/JPY is lacking right now its volatility. A green light for an attempt at 150? Inadvertently I am sure.</p>

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