Kanda is head of currency at Japan's Ministry of Finance and is in charge of ordering Bank of Japan intervention in the JPY .
We have become accustomed to these sorts of comments from him and Minister Suzuki:
- In close touch with G7, other countries every day including on forex, geopolitical matters
- Will continue to take bold steps against excessive forex moves
- Yellen respects Japan's stance of not unveiling fact of fx intervention
- Watching if any excessive, disorderly moves in forex market with high sense of urgency
Yen is unresponsive, the pressure has been relieved, for now at least:
