News Headline Summary

Japan's MoF Nakao says will act on JPY in timely manner if needed

- JPY rise has been one-sided, not reflected fundamentals
- Not feeling at odds with IMF view that JPY is overvalued

In immediate reaction JPY moved 3 pips to the upside before paring

Print 20:01, 14 Jun 2012 - BoJ - Source: WSJ