Japan chief cabinet secretary Hayashi:
- Won’t comment on forex levels, currency intervention
- Important for
currencies to move in stable manner reflecting fundamentals - Excessive fx
volatility undesirable - Closely watching fx
moves - Prepared to take all
measures on fx
Words like:
- Excessive fx volatility undesirable
- Prepared to take all measures on fx
represent more aggressive remarks than the others above
This article was written by Eamonn Sheridan at www.forexlive.com. Source