Japan finmin Kato: Will take appropriate action against excessive moves

Japan finmin Kato: Important for currencies to move in stable manner reflecting fundamentals

• Will take appropriate action against excessive moves

Kato’s comments come as the yen is seeing another bout of weakness on the day:

The above is an hourly candle chart showing USD/JPY just under 150.00. That’s well loweeer than it shighs early thins year around 158.

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