Japan chief Cabinet secretary says closely watching FX moves

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  • Rapid FX moves are undesirable
  • Important for currency to move in a stable manner, reflecting fundamentals
  • Will take appropriate actions on excessive FX moves

They don’t seem tired of working the same copy pasta over and over again. USD/JPY continues to keep at it on the day, weaving in and around the 161 level over the past few hours.

This article was written by Justin Low at www.forexlive.com.

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