Please have your shots ready for comments out of Japan, government officials or the Bank of Japan that say ahything such as:
- "We are not going to comment on FX/yen levels"
- "FX/yen stability is important"
Japanese authorities trot out these old chestnuts whenever the yen weakens rapidly. A wee bit of jawboning to slow the decline. Gulp a shot each time you hear one of 'em!
USD/JPY update:
Locked and loaded:
