USD/JPY is finally on the move lower after Kanda's yen intervention threat. Not by much.

<p> Japan's Finance Ministry's Vice Finance Minister for International Affairs Masato Kanda spoke with media earlier in the day in Tokyo, saying that Japanese authorities were in close contact with U.S. Treasury Secretary Janet Yellen and other overseas authorities almost every day on currencies and the broader financial market.</p><p>Post is here:</p><ul><li><a href="https://www.forexlive.com/news/japan-yen-intervention-guy-kanda-says-communicating-with-the-us-over-currencies-20230703/" target="_blank" rel="follow" data-article-link="true">Japan yen intervention guy Kanda says communicating with the US over currencies</a></li></ul><p>Kanda's comments are a direct reference to intervention. Despite this the yen did basically nothing. But, its starting to edge higher now. </p><p>USD/JPY update:</p><p>ps. I posted this over the weekend:</p><ul><li><a href="https://www.forexlive.com/centralbank/jpy-alert-the-clear-signals-to-watch-for-imminent-bank-of-japan-fx-yen-intervention-20230701/" target="_blank" rel="follow" data-article-link="true">JPY alert: The clear signals to watch for imminent Bank of Japan FX yen intervention</a></li></ul>

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