The Japanese Finance Minister made a statement saying that the strength of the JPY posed a problem for the Japanese economy. However, this is not exactly intervention and investors have seen that while the Japanese government on occasion talks about the JPY that it seldom does anything about it. The AUD traded in range yesterday as it mirrored a commodity market that largely held its ground. The next two days of trading may be dollar centric for both the JPY and AUD based on the economic data that will be coming from the States and its overall affect on bourses internationally.
Written by bforex.com