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. (full story)