Japan top currency diplomat Kanda: Recent yen moves are not reflecting fundamentals ...Middle East

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Japan top currency diplomat Kanda: Recent yen moves are not reflecting fundamentals
source : forex live ( Middle East ) () 48
Speculative moves are behind recent yen movementClosely watching FX moves with a high sense of urgencyWill not rule out any steps to respond to "disorderly" FX movesIt was evident that the barrage of verbal jawboning throughout the week wasn't working. So, this was the next step by Japanese authorities. But as mentioned earlier, Kanda's remarks are just a tad stronger compared to all the other warnings today. Although, that is only the case because it is reinforced by a meeting between the three parties noted above.Otherwise, his remarks aren't anything new in terms of what we've already heard. It's just an added emphasis that they could look to intervene if things continue in the sessions a

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