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USD/JPY update - back above 149.40

Eamonn Sheridan
23/10/2022 | 23:25 GMT

Japanese authorities won't confirm they intervened to support JPY on Friday:

  • Japan's Kanda: We would not comment on intervention even if we had done it

And the talking heads, Kanda and Suzuki, have been on the wires already this morning trying to stem the drop in the yen:

  • Japan intervention guy - will continue to take appropriate action against excess FX moves
  • Japan finance minister Suzuki says we are confronting speculators

They aren't having much luck so far:

usdyen 24 October 2022 22

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