Japan's Matsuno says desirable for currencies to move in line with fundamentals

Japan chief cabinet secretary Matsuno attempting to talk the yen up[.

• desirable for currencies to move stably reflecting economic fundamentals
• closely watching FX moves with a sense of urgency
• excess fx volatility , disorderly fx movements could have adverse effect on economy, financial stability
• ready to take appropriate actions on fx market movements if necessary
• Japan's govt will respond appropriately to exchange rate following G7 agreement on currencies while keeping close communication with the US, other authorities
• no comment on fx market intervention

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Last week I posted a bit of a guide to what to listen for from Japanese authorities to help indicate when FX intervention is imminent. None of the above really fits the bill.