More from Japan Finance Minister Suzuki – analysing the impact of the strengthening yen

Comments from Suzuki are here from earlier:

• Japan finance minister Suzuki says rapid FX moves are undesirable

Reuters adds a little more:

• government will continue to
  analyse the impact of the strengthening yen on the economy and
  respond appropriately
• said the stronger yen could affect the economy both
  positively and negatively through various channels, such as
  overseas sales of exporters and import costs on households and
  businesses
• noted that the yen has been trading above an average 145
  to the dollar that Japanese firms assume for the second half of
  the fiscal year, but their earnings and financial conditions
  have been generally healthy

USD/JPY has swung around again today:

I posted earlier on the idea that the FOMC will be concerned about yen-related volatility in its decision (opinion from Morgan Stanley)

This article was written by Eamonn Sheridan at www.forexlive.com.