Japan finance minister Suzuki expressing concern on the falling yen – saying its recently been rapid.

• will monitor fx closely with a strong sense of urgency
• will take appropriate measures if necessary on fx
• closely communicating with other countries FX authorities

Its 'rapid’ changes in the yen value that is the concern of Japanese authorities. Suzuki’s comments should be read as a threat to take action. He’s said similar before and we haven’t seen any actual intervention. I suspect this time will be the same.

Nevertheless there is a bit of a higher yen response: