Japan's Matsuno: Closely watching FX moves with high sense of urgency

Japan Chief Cabinet Secretary, Hirokazu Matsuno, said on Friday, “closely watching FX moves with a high sense of urgency.”

Additional quotes

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.

Market reaction

At the time of writing, USD/JPY is keeping its corrective decline intact at around 144.85, up 0.05% on the day.