Japan Finance Minister Kato verbal intervention effort trying to support the yen

Japan Finance Minister Kato with some typical verbal intervention efforts:

• Says it is important for currencies to move in a stable manner reflecting fundamentals
• Recently seeing one-sided, sharp FX moves
• Concerned about recent FX moves
• Will continue to coordinate with overseas authorities on forex policies
• Will take appropriate action against excessive moves

Kato’s comments on renewed yen weakness.

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