Japan’s Matsuno: Closely watching FX moves with a high sense of urgency

Japan’s Chief Cabinet Secretary Hirokazu Matsuno said on Monday, he was “closely watching FX moves with a high sense of urgency.”

He added that it is “important for currencies to move in a stable manner reflecting fundamentals.”

Market reaction

USD/JPY is off the 11-month highs, trading at 149.65, at the time of writing. The pair is gaining 0.20% on the day.