Japan chief Cabinet secretary: Recent yen moves can be described as excessive volatility

  • Remarks by Japan chief Cabinet secretary, Hirokazu Matsuno

The jawboning continues and we are seeing the dollar fall to fresh lows on the day now as European trading gets underway. USD/JPY is down 1.3% to 142.22 as sellers push price back below the 100-hour moving average:

USDJPY H1 09-09

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