Japan chief Cabinet secretary says taking appropriate steps on disorderly FX moves

• Government taking appropriate steps on excessive, disorderly moves in FX market if necessary
• Expect BOJ to conduct monetary policy appropriately
• Important for FX market to move steadily and stably

It’s just some added verbal intervention, though they can be a little bit happier surely that the Japanese yen didn’t tumble further this week. It’ll be the first time the currency posts back-to-back weekly gains against the dollar since August. USD/JPY looks to be running with a firmer break under 155.00 now, with the pair down 0.4% to 154.40 on the day as the dollar remains weak.

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