The ‘sharp, one-sided’ comments are more firthright than usual. More strident.
USD/JPY is getting closer to a level we can expect some actual yen-buying intervention.
I’ve posted earlier on the sort of comments to watch for:
Ok, Suzuki’s statement:
- Fx should move stably reflecting fundamentals
- Recent fx moves are
sharp, one-sided - Will respond
appropriately if fx moves become excessive