More from BOJ Gov Kuroda - mentions FX intervention

Bank of Japan Governor Kuroda drops the "intervention' bombshell word.

Enough to trigger the test-reading algos into action!

USD/JPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term drops.

Comments, Headlines via Reuters:

• recent forex moves somewhat rapid
• hard to gauge impact of fx intervention
• forex moves have big impact on japan's economy, prices so will continue to watch moves carefully
• what's important is for forex to move stably reflecting fundamentals
• dominant market view is that recent dollar/yen rise is driven by strong u.s. growth, rising u.s. interest rates, Japanese importers' dollar buying
• no change to view weak yen has positive impact on japan's economy as a whole
• must be mindful that weak yen impact on corporate sectors, economic entities could be uneven
• the rise in commodity prices has a much bigger impact than the weak yen in pushing up Japan's import costs

more to come