Japan Finance Minister Kato verbal intervention effort trying to support the yen ...Middle East

Japan Finance Minister Kato with some typical verbal intervention efforts:

Says it is important for currencies to move in a stable manner reflecting fundamentalsRecently seeing one-sided, sharp FX movesConcerned about recent FX moves Will continue to coordinate with overseas authorities on forex policiesWill 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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