Hayashi, Japanese Chief Cabinet Secretary:
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I will not comment on exchange rates and monetary interventions
- It is important that currencies move in a stable manner, reflecting fundamentals
- Excessive currency volatility is undesirable
- Closely monitor effects movements with a high sense of urgency
- Does not exclude any measures to respond to excessive exchange rate movements
Hayashi is the last of the three amigos to react to the sharp weakness of the yen today:
- More from Japanese Finance Minister Suzuki: Forex levels are essentially determined by markets
- Japanese Finance Minister Suzuki is trying to push the yen up now – verbal intervention
- Japan’s Kanda says he is ready to take necessary measures in the face of the rapid fall of the yen
USD/JPY is down from late highs in New York trading:
This article was written by Eamonn Sheridan at www.forexlive.com.
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