Japan’s Matsuno: Concerned by recent rapid yen weakening

No sooner than the USD/JPY pair popped 138.00, Japanese Chief Cabinet Secretary Hirokazu Matsuno came out on the wires, via Reuters, attempting some verbal intervention.

Key quotes

Concerned by recent rapid yen weakening.

Watching FX market even more closely while working with BOJ.

Will closely monitor how US inflation trends, monetary policy changes affect Japan, global economy.

Market reaction

USD/JPY eased back below 138.00 on the above comments, currently trading at 137.93, still up 0.37% on the day.