Japan finance minister Suzuki expressing concern on the falling yen - saying its recently been rapid. • Will monitor FX closely with a strong sense of urgency. • Will take appropriate measures if necessary on FX. • Closely communicating with other countries FX authorities. Its 'rapid' changes in the yen value that is the concern of Japanese authorities. Suzuki's comments should be read as a threat to take action. He's said similar before and we haven't seen any actual intervention. I suspect this time will be the same. Nevertheless there is a bit of a higher yen response: {chart} (full story)