Japan Chief Cabinet Secretary Kihara:Watching market moves, including bond market, closelyRecent FX moves are sharp, one-sidedFX market needs to move stably reflecting fundamentalsConcerned about FX movesClosely watching excessive, disorderly moves in FX market including speculative movesWatching fx market move with high sense of urgencyThis is all just blah, blah, blah now. USD/JPY is sitting basically at the day's high around 157.46. Kihara’s remarks raise the verbal-intervention temperature, he has chosen high impact words. But ... if this does slow yen selling it'll be marginal. Markets will look for coordinated Ministry of Finance–BOJ signals before pricing a higher risk of actual intervention. This article was written by Eamonn Sheridan at investinglive.com.