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

Japan’s Deputy Chief Cabinet Secretary Kazuhiko Aoki said on Thursday that he is “closely watching FX moves with a sense of urgency.”

Key quotes

No comment on FX levels.

Desirable for currencies to move stably reflecting economic fundamentals.

Closely watching FX moves with a sense of urgency.

Government watching forex moves closely including for speculative moves.

Market reaction

USD/JPY has come under renewed selling pressure, testing 152.50 on these comments. The pair is down 0.14% on the day, at the time of writing.