Japan’s currency intervention official Kanda at the Ministry of Finance:
- no comment on intervention on Monday morning
- will respond appropriately to excessive moves
- monitoring FX 24/7
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FWIW folks, have zero doubt this was intervention. Its not even a question. Hot air merchants in the media might question it for the clicks. Don’t listen to such foolishness.
USD/JPY does not drop 4 big figures ’cause of retail stop loss triggers, OK?