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

Important for FX moves to reflect fundamentalsImpact of FX moves vary depending on size, sector of companiesRapid, one-sided yen falls are negative for the economy and undesirableFX moves are among important factors that affect economy, pricesAfter 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.

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