Japan verbal intervention in yen - 'important for FX to move stably'

Comments on the rapid yen depreciation today from Japan chief cabinet secretary Matsuno

• Important for fx to move stably reflecting econ fundamentals
• No comment on every day-to-day fx moves
• Closely watching fx moves closely
• Desirable for forex to move in stable manner
• No change in stance that we will take appropriate action

This is weak sauce from Japan.

Here's what to watch for that'll signal real intervention:

• The 4 phrases from Japanese officials to listen for signalling imminent yen intervention