Japan’s Chief Cabinet Secretary says he is closely monitoring currency movements, preparing for comprehensive measures

• It is important that currencies move in a stable manner, reflecting fundamentals
• Rapid currency movements are undesirable

Same old, same old. As mentioned, the 155.00 mark is the clear psychological level in play currently. Perhaps this is where Japan finally decides to pull the trigger on intervention.

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

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