Japan fin min Suzuki: 'no change' to stance, still watching FX moves with sense of urgency

Japan finance minister Suzuki:

• says no change to our stance, closely watching FX moves with a sense of urgency
• will take necessary steps on FX if needed

This is weak stuff from Suzuki. ICYMI, these are the sorts of comments that indicate imminent intervention:

• Here's what to watch for to warn of imminent Bank of Japan (BOJ) yen intervention

• The 4 things to watch prior to Bank of Japan FX yen intervention

This 'watching closely' ... he may as well say "Go ahead, buy USD/JPY ".

I was pretty sure that's what Yellen was saying earlier, hope you didn't miss this!

• US Treasury Secretary Yellen says the level of the USD is a logical outcome of policy

In a nutshell, Yellen dismissed globally coordinated FX intervention, saying that the market determined the value of the dollar.

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USD/JPY update: