Japan verbal intervention to support the yen - Fin Min Kato will take action ...Middle East

Won't comment on forex levels.Recently seeing one-sided, rapid moves.Important for currencies to move in a stable manner reflecting fundamentals.Alarmed over FX moves, including those driven by speculators.Will take appropriate action against excessive moves.

I bolded some of those words, these are the signals used to convey concern is at a higher than usual level.

We knew this sort of commentary was coming. Was sooner than I expected TBH:

USD/JPY above 158.40 - when do we get intervention remarks from authorities? This article was written by Eamonn Sheridan at www.forexlive.com.

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