Japan chief cabinet secretary Hayashi says important for FX to more in stable manner ...Middle East

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Japan chief cabinet secretary Hayashi says important for FX to more in stable manner
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Japan chief cabinet secretary Hayashi: Japan appoints former top fx diplomat Masato Kanda to special advisor to cabinetKanda tasked to advise Japan PM Kishida on international financial trendsHayashi adds:Won't comment on forex levelsImportant for currencies to move in stable manner reflecting fundamentals Closely watching fx moves thoroughlyMeanwhile USD/JPY is around 149.20, after having dipped to around 148.50.The wild swings in USD/JPY would, in a rational world, prompt the Bank of Japan to step in and buy it. But, Japan's Ministry of Finance and BOJ want stable FX only when the yen is cratering;-) This article was written by Eamonn Sheridan at www.forexlive.com.

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