Japan's FM will respond appropriately to currency moves at any time
Japan May unemployment rate 2.5%
As USD/JPY busted through 162 level, we hear from multiple Japanese officials that "they will respond appropriately to currency moves at any time". The jawboning has slowed but not stop the rally in the pair. Solid May employment data did not help the JPY.
USD/JPY is trading 0.16% higher at 162.18.