Japan's PM Kishida verbal yen intervention - recent sharp, one-way moves are undesirable

Japanese Prime Minister Kishida talking about the JPY JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term. This is a step up from having the finance minister or some other official challenge yen weakness.

• Recent sharp, one-sided yen moves undesirable
• Japan's intervention last month reflected the view that we cannot turn a blind eye to speculative FX moves

The thing about the choice of words here:

• sharp
• one-sided yen moves
• speculative FX moves

These are signals that actual yen-buying intervention is not too far away. The last time the Bank of Japan intervened USD/JPY was above 145.70. That's not too far away either.

I posted further on these signals to watch for:

• Here's what to watch for to warn of imminent Bank of Japan (BOJ) yen intervention

• The 4 things to watch prior to Bank of Japan FX yen intervention

The yen has gained a few tics: