Japan finance minister Kato: Will take appropriate action versus excessive FX moves

Japans finance minister Kato:

• Will take appropriate action versus excessive FX moves
• one-sided, sharp moves seen in FX market.
• Important for FX rates to move stably reflecting fundamentals.
• Government will scrutinize FX market with very high vigilance including speculative moves.

This article was written by Greg Michalowski at www.forexlive.com.