Japan finance minister says won't comment if current yen levels are excessive or not

  • It's funny how speculation only works one-way to them

He tries offering the same rhetoric by saying that it would be "desirable" for currencies to move stably and reflecting economic fundamentals. If the move was on the other side of the equation, we would've seen them coming up with comments like these every few hours. Instead, they've not said much of anything of the USD/JPY decline since the middle of July.

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