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

  • By 'FX' he mens yen, OK?

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

Japan yen notes

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