A spokesman for the Japanese authorities with verbal intervention to prop up the yen:
- Will not touch upon FX ranges
- essential for currencies to maneuver in a secure method reflecting fundamentals
- carefully watching FX strikes with a excessive sense of urgency, together with speculative strikes.
‘Speculative’ is code for they don’t seem to be blissful.
These feedback observe related earlier as we speak:
- Yen intervention feedback out of Japan
USD/JPY replace, again close to 150.00:
This text was written by Eamonn Sheridan at www.forexlive.com.
