Japan Chief Cabinet Secretary Matsuno says watching FX moves closely

Verbal intervention comments from Japan’s Chief Cabinet Secretary Matsuno:

• Govt closely
  watching FX moves and their impact on Japan’s economy, prices
• Working
  closely with BOJ

Also says:

• Hope the BOJ works closely with govt, guide policy appropriately to
  sustainably, stably hit 2% inflation target
• Govt is always
  closely communicating with the BOJ, won’t comment on specifics

—

Japanese officials are concerned when yen depreciation is rapid, as it has been since the Bank of Japan meeting last Fridasy. These sorts of remarks on the currency are intended to slow the fall.

The last time the yen weekend quickly I was posting on what to watch for actual intervention.

• JPY alert: The clear signals to watch for imminent Bank of Japan FX yen intervention

• Explainer: What would Japanese intervention to boost the weak yen look like?

USD/JPY update:

This article was written by Eamonn Sheridan at www.forexlive.com. Source