JPY

AL's stop still standing but looking shaky.. might short with that stop.. but reverse above for 77.70..

Could be that the JPY intervention starts, for two hours the JPY gets weaker. I have not found other reasons.

By Toru Fujioka
Sept. 29 (Bloomberg) -- Japans finance ministry will
extend by at least one month its monitoring of currency market
positions, two government officials familiar with the matter
said, signaling policy makers continued concern that
speculative trades will strengthen the yen.
The ministry last month required about 30 major financial
institutions to disclose trading positions in the currency
market through Sept. 30. The officials spoke on condition of
anonymity because the announcement hadnt been made public yet.
Japans currency has gained 6 percent against the dollar so
far this year even after policy makers intervened in the market
in August and March to slow an appreciation that could hurt
exports. The yen has also climbed close to 10-year highs against
the euro, a strengthening that Sony Corp. corporate treasurer
Hiroshi Kurihara said yesterday will have a huge impact on
the earnings of Japans largest exporter of consumer
electronics.
Finance ministers and central bank governors of the Group
of 20 nations said in a statement on Sept. 22 that excess
volatility and disorderly movements in currencies may hurt
economic and financial stability. Japan pushed for inclusion of
those comments in the statement, a Ministry of Finance official
who spoke on condition of anonymity said the next day.


For Related News and Information:
Japans top stories TOP JN <GO>
Most-read economic news MNI ECO <GO>
Global economy watch: GEW <GO>
Snapshot of Japans economy: ESNP JN <GO>

--With assistance from Aki Ito in Tokyo. Editors: Ken McCallum,
Lily Nonomiya

To contact the reporter on this story:
Toru Fujioka in Tokyo at +81-3-3201-2158 or
tfujioka1@bloomberg.net

To contact the editor responsible for this story:
Paul Panckhurst at +852-2977-6603 or