Japan chief cabinet secretary Hayashi: rapid FX moves undesirable, ready for full response

Japan chief cabinet secretary Hayashi:

Won’t comment on forex levels or forex interventionImportant for
currencies to move in stable manner reflecting fundamentalsRapid fx moves
undesirableClosely watching fx
movesWill be ready to
take full responseExpect BOJ to work
closely with govtExpect BOJ to
conduct appropriate monetary policy to sustainably, stably hit its
price target, working closely with govt

USD/JPY is not far from today’s (and 34 year) highs around 155.40

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