Japan's top currency diplomat Masato Kanda came out with a verbal intervention to rescue the Japanese Yen after it plunged on reports that the Bank of Japan (BoJ) could leave its policy settings unchanged next week.
Watching FX market with a sense of urgency.
Excessive FX moves are undesirable.
USD/JPY trimmed gains on the above comments, trading at 141.65, at the time of writing. The spot is still up 1.18% on the day.