Japan's ex MOF Watanabe says US$ unlikely to strengthen much further if Fed raises rates once or twice

Sees nothing strange about Kuroda's recent comments re yen unlikely to fall further

Ex Minister of Finance and now head of JBIC having his say

USDJPY a tad lower at 123.57

• USDJPY likely to move in current range toward year-end
• Fed rate hikes would not cause the kind of global impacts seen in 1980/90s