Japan chief cabinet secretary Matsuno: will take appropriate steps on excessive FX moves

Japan chief cabinet secretary Matsuno:

• no comment on every day-to-day FX move
• closely watching FX moves with a high sense of urgency
• will take appropriate steps on excessive FX moves

These remarks are not really convincing.

I know I have posted the following two lines many times today, but this is the sort of thing to watch for, not this milquetoast from Matsuno

• 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