Japan's Kanda says always prepared to take steps against excess FX volatility

Kanda is the head currency official at Japan's Ministry of Finance.

In Japan it is he who will instruct the Bank of Japan to intervene when he deems necessary.

Comments:

• we are always ready to take the steps necessary against excessive FX volatility
• I can make a decision on FX intervention anywhere, even on an airplane

---

Kanda not using key phrases here though.

• Here's what to watch for to warn of imminent Bank of Japan (BOJ) yen intervention

• The 4 things to watch prior to Bank of Japan FX yen intervention

Meanwhile the action is in a higher USD again (USD/JPY is lagging, not doing a lot at all).

EUR/USD update:

GBP, AUD , NZD, CAD, CHF ... all dropping hard!