Japan chief cabinet secretary Matsuno verbal yen intervention crossing the newswires

Matsuno’s remarks come after a big surge for USD/JPY following a hawkish hold from the FOMC on Wednesday.

  • Important for FX to move stably reflecting the fundamentals
  • Will respond appropriately to FX moves if necessary
  • Won’t rule out any options for response to FX moves
  • Expect BOJ to closely communicate with govt, continue to take
    appropriate monetary policy
  • Share mutual understanding with international authorities that
    excessive FX move undesirable

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