RSS Japan Finance Minister Kato verbal intervention effort trying to support the yen

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 RSS Japan Finance Minister Kato verbal intervention effort trying to support the yen

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Japan Finance Minister Kato with some typical verbal intervention efforts:

  • Says it is important for currencies to move in a stable manner reflecting fundamentals
  • Recently seeing one-sided, sharp FX moves
  • Concerned about recent FX moves
  • Will continue to coordinate with overseas authorities on forex policies
  • Will take appropriate action against excessive moves

Kato's comments on renewed yen weakness.

This article was written by Eamonn Sheridan at www.forexlive.com.
 
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