Japan’s Matsuno: Ready to take appropriate actions on FX market movements if necessary

Japanese Chief Cabinet Secretary Matsuno came out with the much-needed verbal intervention to rescue the yen from the ongoing slump.Additional quotesClosely watching FX moves with a sense of urgency.

Japan's govt will respond appropriately to exchange rate following G7 agreement on currencies while keeping close communication with us, other authorities.Will work with BOJ to monitor market movements, impact on prices with heightened sense of urgency.USD/JPY slipped from 134.99 to 134.77 on these above comments, now trading at 134.84, up 0.32% on the day.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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