Japan's Matsuno says closely watching FX moves with high sense of urgency
Important for exchange rate to move stably, reflecting economic fundamentalsSharp, one-sided moves are seen recentlyTo take appropriate steps on excessive FX movesThe comments are pretty much a copy and paste, so they're not going to have much of an impact on markets at this point. But if they do appear to be more aggressive in their wording, that might trigger more profit-taking in yen shorts. This article was written by Justin Low at www.forexlive.com.
- Important for exchange rate to move stably, reflecting economic fundamentals
- Sharp, one-sided moves are seen recently
- To take appropriate steps on excessive FX moves
The comments are pretty much a copy and paste, so they're not going to have much of an impact on markets at this point. But if they do appear to be more aggressive in their wording, that might trigger more profit-taking in yen shorts.
This article was written by Justin Low at www.forexlive.com.
