BOJ governor Ueda says will not comment specifically on recent FX moves

• Important for FX moves to reflect fundamentals
• Impact of FX moves vary depending on size, sector of companies
• Rapid, one-sided yen falls are negative for the economy and undesirable
• FX moves are among important factors that affect economy, prices

After having showed their hand last week, any verbal intervention has lost much of its allure. USD/JPY is still up 0.5% at 155.45 currently, holding near the highs for the day.

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