Japan top currency diplomat says recent yen moves deviate from the fundamentals

• There is some speculation in the market about Japan’s macroeconomic policies, especially fiscal policy
• Yen long positions have been shrinking after the summer
• We all agree that monetary policy itself is in the hands of the BOJ

A bit of added verbal smackdown from Tokyo. This is becoming more frequent after Takaichi’s appointment as prime minister, amid her status as a big fiscal dove.

This article was written by Justin Low at investinglive.com.