Following remarks out of Japan's Ministry of Finance this morning:
- Japan intervention guy - will continue to take appropriate action against excess FX moves
- Japan finance minister Suzuki says we are confronting speculators
The Bank of Japan intervened to drive USD/JPY to lows circa 145.65:
USD/JPY has rapidly recovered and has settled into much less volatile trade:
Estimates of BoJ intervention today are around USD30bn to USD50bn.
