Reuters reports:
“The weekend comments were misread. He didn’t say it in the way it was reported in English,” said a Japanese market participant.
“But the recent strength (of the dollar) is faster than expected, that’s why I think they’re trying to bring it down a bit, but the basic stance is that they prefer to maintain a weakening policy in the long-term.”
More here: Dollar inches up after Japan economy minister clarifies yen comments
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Well, this clears it up … not. For traders its pretty easy. If he says the yen goes up, ya buy it. Down, ya sell it.
But for longer-term players, asset managers and the like, they might be making little Amari voodoo dolls and hitting them with hammers and such
