Japan MoF Asakawa says will take appropriate steps on FX in needed

Japan Ministry of Finance's Asakawa weighed in earlier in the session:

• Japan's Asakawa says will closely monitor FX

He's back on it again as USD/JPY tics around its session high

• will take appropriate steps on FX if needed
• FX moves are very volatile, I am worried
• G7 and G20 have confirmed cooperation on FX is possible if needed
• Excessive FX moves are undesirable for stable economy
• shrinking US-Japan spreads is one reason for yen strength