Rare joint statement from BOJ and govt on yen
Japanese currency bounces off 20year lows vs dlr
Eurodollar heads lower before U.S. CPI data

LONDON, June 10 Reuters The Japanese yen jumped on Friday after the government and the central bank in a rare joint statement expressed concern about its recent slide to hit twodecade lows, while the dollar edged higher ahead of key U.S. inflation data.

After a meeting with his Bank of Japan BOJ counterpart, the country39;s top currency diplomat Masato Kanda told reporters that Tokyo will take appropriate action as needed, a sign Japan may be edging closer to intervening in the market in a bid to arrest the yen39;s declines.

The yen has been battered by traders wagering that the BOJ will stick with its ultraaccommodative policy stance just as the Federal Reserve and other central banks accelerate their tightening to tame soaring inflation.

Generally if you look back at BOJ behaviour, if they say they will take appropriate action that is seen as the top level of intervention they go through before physical intervention. So, they have gone as far as they can go for now, Adam Cole, chief currency strategist at RBC Capital Markets, said.

The latest comments should be a lid on dollaryen in the short term, Cole added, but in the long term, there39;s little that they can do as it flies in the face of the policy stance.

The yen rallied to as strong as 133.37 yen per dollar , up 0.7 on the session, before settling at 133.79. On…