Japan's Kanda: Won't say whether or not intervention was carried out or not

• Won’t say whether forex intervention was conducted
• Won’t say whether a rate check was conducted
• Can’t ignore the fact that there was a one-sided speculative move

USD/JPY is trading down 100 pips to 157.80 today and it looks like there was at least one round of intervention in the second day of action.

This article was written by Adam Button at www.forexlive.com.