US Treasury Secretary Yellen says the level of the USD is a logical outcome of policy | Forexlive

Earlier remarks from Yellen are here:

Yellen says we are beginning to see some signs of easing pressure in labor market

Yellen has some specific remarks now on the US dollar and FX:

• The dollar is a safe haven so in times of stress we see capital
  inflows
• I think a market
  determined value for the dollar is in America’s interest
• I think the level of
  the dollar reflects policies that are appropriate
• I think the currency
  movements are the logical outcomes of different policy stances

Maybe its just me but I reckon she is giving the green light to keep on buying USD/JPY. USD/JPY is just shy of 145.90, this is where the Bank of Japan last intervened in to buy yen. The jawboning we had out Japan yesterday was weak:

Suzuki didn’t hit any key phrases indicating imminent actual intervention: