Senior Japan official: ‘excessive’ FX volatility, FX should move stably with fundamentals

Japan Deputy Chief Cabinet Secretary Murai:

  • Important for currencies to move stably reflecting fundamentals
  • Excessive FX
    volatility undesirable
  • Won’t comment on
    forex levels
  • No comment on
    currency intervention
  • Will continue to
    take fully appropriate steps on FX

USD/JPY sitting circa 150.39

This article was written by Eamonn Sheridan at Source