Japan's Asakawa says they're watching markets "to see if there are speculative moves"

Japanese government currency chief talking to Bloomberg

"Speculative moves" ? You really can't make this stuff up. Priceless drivel.

At what point do they think the moves are speculative? Surely they were more/as speculative going short of yen anticipating BOJ assistance from more easing. Just saying.

USDJPY suitably unfazed and back down to 112.48

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