Japan finance minister Kato: will take appropriate steps on excess FX moves

Japan finance minister Kato: will take appropriate steps on excess FX moves

• Won’t comment on forex levels.
• Important for currencies to move in stable manner reflecting fundamentals.
• Will take appropriate steps on excess moves.
• Have seen one-sided and drastic moves on the currency market.
• Will closely monitor currency moves, including those driven by speculators with utmost sense of urgency.

USD/JPY not doing too much with Kato’s remarks:

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