Japan finance minister Kato: will take appropriate steps on excess FX moves
- Won't comment on forex levels.
- Important for currencies to move in stable manner reflecting fundamentals.
- Will take appropriate steps on excess moves.
- Have seen one-sided and drastic moves on the currency market.
- Will closely monitor currency moves, including those driven by speculators with utmost sense of urgency.
USD/JPY not doing too much with Kato's remarks:
