Japan FinMin Suzuki: Cannot Tolerate Excess FX Volatility Backed by Speculative Moves

Started talking quite early today. can't sleep suzuki?

What's wrong with these guys, did they forget what they said just yesterday?

When 150 got hit there was a modest attempt in selling USD.

markets seems like not caring to any of their words, lets see ...

Every day these guys say the exact same thing and... Nothing happens!

The Japanese are losing trustworthiness!

Here we go again :-))))

Sell Jpy again

Two words - Crowded Trade.

read it again. it only valid for "speculative move", clearly this is not speculative move but rather fundamental move? ;p

Talking ain't working! Maybe the Japanese are nice people and they are giving the shorts on the Yen every opportunity to get out!

If they really do intervene, where is the goal? 140, 130-135?

What's next?

Talk is cheap

Japan is losing reputation now

They need bigger money than the last intervention

I am sure they have a plan how to play this out. Until then, they will "closely watch" yen falling.

Im not sure they do have a plan. After talking this much surely they would have taken firmer action if they could have.

Think about the psychology and mind games from these leaders. The goal is to make as much profit as possible. At this point i'm suspecting they are building their positions.

Keep calm and sell yen.

I think 150 is a line in the sand psychologically for markets. If it starts to fall below that in the next couple of days it will drop rapidly and they will have to step in.