Japan’s Matsuno: To take appropriate steps on excess FX moves

Japanese Chied Cabinet Hirokazu Secretary is out with his jawboning, as USD/JPY surges past the 145.90 key level.

Key quotes

No comment on every day-to-day FX moves.

Closely watching FX moves with a high sense of urgency.

To take appropriate steps on excess FX  moves.

Market reaction

USD/JPY is trading at the highest level in 24 years at 146.38, up 0.34% on the day, as investors remain alert for a Japanese FX market intervention any time soon.