Japan economy minister Ishihara: No comment on specific FX levels

Japan economy minister Ishihara on Reuters re forex

• Government and Bank of Japan share understanding for the need to encourage growth and escape deflation


• No comment on specific FX levels


• Want to closely watch market moves and analyse their impact


• Important to have some spread between short- and long-term JGB yields

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As I've said elsewhere this morning ...

• EUR/JPY buyers have been cited as driving the earlier move above (USD/JPY) 101. There was some chatter it was fix related but there has been little pullback since 0055GMT.
  

The general pattern has been for these guys in the Japanese administration to open their mouths and then for the yen to strengthen. Is Ishihara tempting fate here with his comments?

Japan economy minister Ishihara: No comment on specific FX levels
Japan economy minister Ishihara: No comment on specific FX levels
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