- Sharp FX moves are undesirable
- Important for FX to move stably reflecting fundamentals
- Will respond appropriately if necessary without ruling out any option
It's the usual verbal intervention by Japan and a rehash of what Kanda commented earlier here. But as the yen softened to its weakest levels this year against the dollar yesterday, the warnings are starting to come out again. That will keep yen short a bit more wary for now.
