Saxo strategist says Japanese officials' statements on the yen are verbal intervention

Saxo Market's Chief Investment Strategist Charu Chanana believes that recent remarks by Japanese Finance Minister Shunichi Katayama regarding the yen are "essentially just another round of verbal intervention." "Unless there are substantial policy coordination measures, actual intervention, or the Bank of Japan issues a clearer tightening path, I don't think this will fundamentally change the yen's underlying fundamentals."