Japan’s Kato: No comment on FX levels intervention

Japan’s Finance Minister Katsunobu Kato said on Thursday that “no comment on FX levels intervention.”

Further comments

Rapid moves seen in recent FX market.

Desirable for currencies to move stably reflecting economic fundamentals.

Closely watching FX moves with a sense of urgency.

There was no discussion on FX at today’s G20 meeting and I don’t expect any tomorrow.

Market reaction

USD/JPY was last seen trading at 152.51, down 0.15% so far.