Japan Finance Minister Kato verbal intervention effort trying to support the yen
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Japan Finance Minister Kato with some typical verbal intervention efforts:
- Says it is important for currencies to move in a stable manner reflecting fundamentals
- Recently seeing one-sided, sharp FX moves
- Concerned about recent FX moves
- Will continue to coordinate with overseas authorities on forex policies
- Will take appropriate action against excessive moves
Kato’s comments on renewed yen weakness.
This article was written by Eamonn Sheridan at www.forexlive.com.
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