Japan finance minister Kato:
- Won’t comment on forex levels.
- Recently seeing one-sided, rapid moves.
- Important for currencies to move in a stable manner reflecting fundamentals.
- Alarmed over FX moves, including those driven by speculators.
- Will take appropriate action against excessive moves.
more to come
This article was written by Eamonn Sheridan at www.forexlive.com.
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