Japan finance minister Kato
Decline to comment on the possibility of meeting the government’s target of achieving a primary budget surplus by next fiscal year.Recently seeing one-sided, sharp FX moves.Important for currencies to move in a stable manner reflecting fundamentals.Alarmed over FX moves, including those driven by speculators.Will take appropriate action against excessive moves.Those words in bold are an escalation of verbal intervention.
USD/JPY back to its session lows and thereabouts:
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