Will thoroughly respond to excessive FX movesFX market is determined by various factors, including interest rate differentialsRecent FX intervention was quiet effective in responding to speculators
A bit of verbal jawboning there as USD/JPY continues to trickle higher since last week. The pair is holding just above 158.00 now, not much changed from before the comments above.
This article was written by Justin Low at www.forexlive.com.
