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Japan chief Cabinet secretary says closely watching FX moves, prepared for full measures

  • Important for currencies to move in a stable manner, reflecting fundamentals
  • Rapid FX moves are undesirable

The same old, same old. As mentioned, the 155.00 mark is the clear psychological level in play at the moment. That might be where Japan finally decides to pull the trigger for any intervention move.

This article was written by Justin Low at www.forexlive.com.

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