Tohru Sasaki, head of Japan markets research at JPMorgan and a former official at the Bojj

Comments in an interview

  • Says there are fundamental flows strengthening th yen
  • Intervention to counter it would be ineffective
  • Says its difficult for Japan to intervene ahead of the G7 meeting in May

via Bloomberg

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G7 May meeting is on 26 and 27th. In Japan.