Japan finance minister Kato says will take appropriate action against excessive FX moves ...Middle East

We are recently seeing rapid movesAlarmed over FX moves, including those driven by speculators

If you take in the December move, then yeah there is a decent surge higher in USD/JPY but owing mostly to bond yields I would say. This month itself, the pair is rather "well behaved". In fact, it is now trading back to opening levels that we started the year off with from two weeks back.

This article was written by Justin Low at www.forexlive.com.

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