Japan's Aso stresses importance of free-floating currencies

FXstreet.com (Barcelona) - One more day, one more bunch of headlines out of Japan, this time from Japanese Finance Minister Mr. Aso, who said "it is important to let currencies move freely", adding "Japan at phase in correcting excessively strong Yen."

The comments follow Thursday's Yen weakness catalyst, when the country’s deputy economy minister, said a rate of 100 in USDJPY would not be a problem at all, clearly softening the rhetoric, so that speculators can continue driving the Yen to new cycle lows.