Japanese Ministry of Finance: ‘Ready for Battle’

This is just another instance that proves that markets are ultimately larger than any Central Bank.
http://www.zerohedge.com/article/multi-trillion-dollar-question-markets-pt-2?

The dollar spiked higher against the yen Thursday morning, though it still remained down on the day against the Japanese currency, after a person familiar with the situation told Dow Jones Newswires that Japan’s Ministry of Finance is “ready for battle.”
The dollar spiked from Y78.74 to Y79.20, as investors were put on alert that the MOF, according to the person, stood ready to possibly intervene in currency markets to stem yen strength.

http://blogs.wsj.com/marketbeat/2011/03/17/japanese-ministry-of-finance-ready-for-battle/?mod=WSJBlog