Japan yen intervention official says will take appropriate action against excess FX moves

Mimura verbal intervention. Atsushi Mimura is Japan’s vice finance minister for international affairs, AKA ‘top currency diplomat’.

• Am gravely concerned about forex moves.
• Will take appropriate action against excessive forex moves.
• Alarmed, including over speculative moves.
• Believe it is not appropriate for me to comment further on forex.
• Won’t comment on BOJ’s communication given its independence.

Earlier today we had USD/JPY knocked from its 5-month high by intervention remarks from finance minister Kato:

• Japan fin min Kato with verbal intervention on JPY – recent one-side, sharp yen moves

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