 | |  | | USD/JPY, EUR/JPY Flows - Noda still sounds more keen on intervention than Shirakawa
Consecutive headlines on Reuters where FinMin Noda says he did discuss the JPY rise at a government meeting this morning, while BoJ Governor Shirakawa says he spoke neither about FX or monetary policy. We have noted over recent days that Noda has been more willing than Shirakawa to talk about intervention, but while it is ultimately the MoF's call it does not sound as if the BoJ is overly keen. The JPY remains off recent highs thanks to the blip up in risk appetite, but we do not detect much appetite for fresh longs on USD/JPY or the crosses. |  |  |  |  |
|