Japan's Kanda told G20 that excessive volatility in FX is undesirable

  • Kanda won't comment on recent FX moves

USD/JPY dipped lower on the comment from Kanda, who said earlier this month that recent yen moves are 'rapid' and that he was closely watching FX moves with a high sense of urgency.

This time he said he's watching FX moves with a strong sense of urgency.

I'd take this as verbal intervention but his feet might be put to the fire if 152.00 breaks.

USDJPY daily chart d
USDJPY daily

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