Japan senior lawmaker says yen slide towards 160 could prod action

The comment is from Takao Ochi of the ruling Liberal Democratic Party, a senior member of the Lower House Financial Affairs Committee. Adding that the ruling party itself is not yet in active discussion on what yen levels would be deemed as worth intervening.

However, Ochi says that a move in USD/JPY towards 160 (or 170) could prod action from policymakers as they would deem that as being “excessive”.

This article was written by Justin Low at www.forexlive.com.