Japan govmt says closely watching speculative FX moves

A spokesman for the Japanese government with verbal intervention to prop up the yen:

• Won’t comment on FX levels
• important for currencies to move in a stable manner reflecting fundamentals
• closely watching FX moves with a high sense of urgency, including speculative moves.

‘Speculative’ is code for they are not happy.

These comments follow similar earlier today:

• Yen intervention comments out of Japan

USD/JPY update, back near 150.00:

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