• Monetary authorities cannot control forex rates
  • Always thinking of various policy options
  • Will not rule out any policy options
  • Watching market moves very carefully
  • Watching impact of yen rise on Japan economy
  • Strong yen may prompt firms to hold off on capital expenditure
  • BOJ has become more cautious about US economy than in Spring. It’s recovering, but outlook uncertain
  • Investor demand for yen has risen as safe haven
  • BOJ won’t react to short-term forex, stock moves

USD/JPY slips lower on various remarks, presently at session low 83.82.