Japan finance minister Kato says Rapid moves seen in recent FX market

Japan finance minister Kato

• Rapid moves seen in recent FX market
• No comment on FX levels intervention
• Desirable for currencies to move stably reflecting economic fundamentals
• Closely watching FX moves with a sense of urgency
• there was no discussion on FX at today’s G20 meeting and I don’t expect any tomorrow

The reference to ‘rapid moves’ is a sign of escalating the rhetoric

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