Japan’s Matsuno says rapid FX moves are undesirable

Japan chief cabinet secretary Matsuno with some verbal intervention to proper up the yen:

  • Important for currencies to move in stable manner reflecting
  • Rapid fx moves
  • Won’t comment on
    forex levels
  • Won’t rule out any
    steps to respond to disorderly fx moves

Of course the huge monetary policy divergence between the Federal Reserve and the Bank of Japan is a powerful fundamental.


Earlier from Finance Minister Suzuki

And also from ‘Mr. Yen’ Kanda:

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