BOJ made to look foolish by their own rhetoric- USD/JPY drops back

A whole host of Japanese officials have been speaking on the wires over the past couple of hours and it seems the authorities are rather rattled. Well, just now the BOJ is still muttering about FX volatility, but let us not forget; they are partly responsible for that. Since the last update here, the USD/JPY has dropped back again, from a rebound towards 143,75. It is now re-approaching the 142 handle, despite a rebound in the Nikkei 225 futures, off their earlier lows after the close. The price action in the USD/JPY remains extremely sporadic and volatile and without wishing to make fun of all this, perhaps the BOJ might want to think about buying back all the dollars they have sold over the past couple of months, if the want to avoid the Nikkei 225 sliding into chaos. The 12.40% and more than 4000 point slide today is the most this analyst has seen in points terms for as long as can be remembered. The BOJ is now in an equally uncomfortable position, as they were when the dollar was rising above 160. If they are even remotely true to their word; of not wanting to see extreme FX volatility; they should be supporting the dollar right now, not spouting out the same old half-baked rubbish about FX volatility being undesirable. So, will they do that? Very unlikely it would seem. The USD/JPY is currently trading at 142.35