Saxo Bank: Katayama Satsuki's verbal intervention is unlikely to change the yen's fundamentals

Saxo Markets chief investment strategist Charu Chanana believes that Japanese Finance Minister Satsuki Katayama's recent remarks on the yen are "largely just another round of verbal intervention." "Unless followed by substantive policy coordination, actual intervention, or a clearer tightening path from the Bank of Japan, I don't think this will fundamentally change the yen's fundamental landscape."