USD/JPY has (eventually) fallen following some verbal intervention from Japanese officials

The remarks from Japan were nearly an hour ago, beginning with Deputy Chief Cabinet Secretary Kazuhiko Aoki:

• Japan official says watching for speculative FX moves

Followed by more forthright comments from Kato:

• Japan finance minister Kato says Rapid moves seen in recent FX market

USD/JPY did dip towards 152.60 and just beneath but its only just now shown much more of a response. Even this fall is small:

Oil has risen so that could be impacting also.

Still, a small yen move only. So far at least.

This article was written by Eamonn Sheridan at www.forexlive.com.



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