Japan's MOF man in charge of currency out on Bloomberg 22 Sept

  • watching markets closely
  • will act as needed is speculative moves continue
  • today's meeting between MOF, BOJ and FSA was set up urgently
  • got explanation from BOJ on policy

As in they've hit a brick wall and got nowhere else to go ?

  • must press ahead with structural policies
  • BOJ's overshoot commitment is significant

Or so they want us to believe whilst taking the markets for mugs.

USDJPY a tad higher at 100.37 as stops triggered on EURUSD help EURJPY to rally too.