Japan chief cabinet secretary Hayashi: rapid FX moves undesirable, ready for full response

Japan chief cabinet secretary Hayashi:

  • Won’t comment on forex levels or forex intervention
  • Important for
    currencies to move in stable manner reflecting fundamentals
  • Rapid fx moves
  • Closely watching fx
  • Will be ready to
    take full response
  • Expect BOJ to work
    closely with govt
  • Expect BOJ to
    conduct appropriate monetary policy to sustainably, stably hit its
    price target, working closely with govt

The words aren’t really having much of an impact.

USD/JPY is not far from today’s (and 34 year) highs around 155.40

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