News Headline Summary

Japanese FX chief Nakao says watching JPY to take appropriate action

- JPY moves are correction phase from one-sided gains.
- BoJ are not trying to competitively devalue JPY.
- He is in close contact with G20.

Reaction details:

- No reaction is seen in USD/JPY following these comments; trades 88.36 last (-31 pips).

Print 11:44, 23 Jan 2013 - FX Flows - Source: Newswires