Japan off the hook at another meeting
- Yen weakening in past few days has been rough
- Will carefully monitor market moves
- In meeting with Jack Lew, re0affirmed G7 and G20 commitment on currencies
Maybe we're seeing a bit of profit taking in the dollar as USDJPY tumbles below 124 by a few pips. I couldn't really draw anything from Aso's comment but perhaps the market may start to get a little jittery about verbal intervention after the run up we've just had
