Japan top currency diplomat says intervention is an option during excessive FX moves

<ul><li>We will take appropriate action when needed in FX market</li></ul><p>It's just a little verbal pushback but I reckon they might not be too interested to step in right on the dot at 150.00 again the next time around. They may offer a bit more leeway considering that the path of least resistance is still for a weaker yen at the moment.</p>

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