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- Japan’s Matsuno: Sudden FX fluctuations are not desirable
Japan’s Matsuno: Sudden FX fluctuations are not desirable
Japanese Chief Cabinet Secretary Hirokazu Matsuno joined the chorus to warn against the unexpected rapid moves in the exchange rate value.
Also read: Japan’s Finance Ministry Official: Sudden fx fluctuations not desirable
Key quotes
Sudden FX fluctuations are not desirable.
No comment on day-to-day FX moves.
But watching with a high sense of urgency.
It is desirable for currency to move stably reflecting economic fundamentals.
Market reaction
USD/JPY is keeping its corrective mode intact around 139.20, having hit the highest level in 24 years at 139.68 earlier in the Asian trades. The spot is up 0.16% on the day.
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