Japan chief cabinet secretary Matsuno with comments trying to support the falling yen - verbal intervention
I posted earlier today to be on the lookout for this sort of jawboning on the currency:
Matsuno:
- no comment on every day-to-day forex moves
- important for currencies to move stably reflecting economic fundamentals
- sharp fx fluctuations not desirable
- watching fx moves with high sense of urgency
- volatility is rising in recent forex market
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USD/JPY update:
