Japan financial authorities express concern about rapid yen weakening

• It is important for currency market to move stably reflecting fundamentals
• Rapid swings are undesirable
• Rapid yen weakening is seen recently in the currency market, concerned about it
• Government, BOJ will watch closely moves in the currency market
• Will watch for impact on the economy and prices with a sense of urgency
• Will respond appropriately as needed in the currency market based on G7 agreement

To put short, it is a whole load of nothing again. Sure, they might have probably slipped in a mention that they are "concerned" about the situation but they aren't going to go beyond verbal intervention once again for the time being.

USD/JPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term did drop a little from 133.85 to 133.60 but as has been the case previously, this would prove to be but a speed bump for the most part.