Japan chief cabinet secretary Hayashi:
- Won't comment on forex levels or forex intervention
- Important for currencies to move in stable manner reflecting fundamentals
- Rapid fx moves undesirable
- Closely watching fx moves
- Will be ready to take full response
- Expect BOJ to work closely with govt
- Expect BOJ to conduct appropriate monetary policy to sustainably, stably hit its price target, working closely with govt
The words aren't really having much of an impact.
USD/JPY is not far from today's (and 34 year) highs around 155.40
