• No comment on day-to-day FX moves
  • But watching with a high sense of urgency
  • It is desirable for currency to move stably reflecting economic fundamentals

We have heard all of this before but it is more about the timing of things as USD/JPY briefly held at fresh highs since 1998 earlier in the day. The pair is still up 0.2% to 139.27 currently with buyers setting their sights on the 140.00 mark.