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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.

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