Japan's Finance Minister Kato says excessive moves on forex are undesirable ...Middle East

will communicate closely with US counterparts on FXhave agreed with US that excessive moves on forex are undesirable

The rapid drop in USD/JPY is a strong candidate for 'excessive', but you won't see any actual intervention from Japan to stem the yen's rise from such weak levels. These fairly gentle comments from Kato are about we'll get.

This article was written by Eamonn Sheridan at www.forexlive.com.

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