Yen falls deeper in the hole. FinMin Suzuki keeps on digging: “No comment on intervention”

Japan finance minister Suzuki is still talking, says he has no comment on FX intervention. Says confirmation of intervention could affect future action:

• deeply concerned over the negative impact of weak yen
• will closely watch market moves
• will take action when needed
• do not see an absolute line FX level we must defend, we are focused on fluctuations

He spoke earlier, as did Bank of Japan Governor Ueda:

Japan finance minister Suzuki says he is watching FX movement with a sense of urgency

Bank of Japan Governor Ueda says monetary policy does not seek to control forex rates

USD/JPY has inched higher since, knocking on the door of 156:

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