Japanese government official says dramatic forex moves are not ideal

Reuters report on the comments from an unnamed official.

Adds there is are no direct references to the yen.

But that ain't fooling us, right?

More:

  • no comment on FX levels
  • the government will make the utmost efforts to implement planned inflation policies, step by step

USD/JPY has given back a little of overnight surge:

usdyen chart 22 June 2022

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