Quoting strategos
{quote} with this statement from Japan Economy Minister: "Yen's Excessive Strength Has Been Largely Corrected; Further Weakness Could Be Harmful" is enough to see yen gain against dollar.
USD has strengthened a lot recently, there are a few FED members speaking next/this week including BB on Wednesday; so they might try to do something about it using the cheapest toolset.
{quote} with this statement from Japan Economy Minister: "Yen's Excessive Strength Has Been Largely Corrected; Further Weakness Could Be Harmful" is enough to see yen gain against dollar.
USD has strengthened a lot recently, there are a few FED members speaking next/this week including BB on Wednesday; so they might try to do something about it using the cheapest toolset.