Charu Chanana, chief investment strategist at Saxo Markets, believes that Japan's Finance Minister Katayama Satsuki's recent statement on the yen “is largely just another round of verbal intervention.” “Unless substantial policy coordination and intervention are introduced, or the Bank of Japan releases a more clear path of austerity, I don't think this will fundamentally change the fundamental pattern of the yen.”

Charu Chanana, chief investment strategist at Saxo Markets, believes that Japan's Finance Minister Katayama Satsuki's recent statement on the yen “is largely just another round of verbal intervention.” “Unless substantial policy coordination and intervention are introduced, or the Bank of Japan releases a more clear path of austerity, I don't think this will fundamentally change the fundamental pattern of the yen.”