BOJ Gov Kuroda says its desirable for forex rates to move stably, reflecting fundamentals

This is an attempt by Governor Kuroda to provide yen-supportive remarks desirable for fx to move stably reflecting fundamentals excessive, short-term fx volatility would affect business activity BOJ will carefully watch impact of fx moves on japan's economy, prices They come in addition to similar remarks from finance minister Suzuki: Japan finance minister Suzuki says rapid forex moves are undesirable Earlier in the session we had remarks from the IMF, they said they believe the yen is moving in line with fundamentals. (and they are right):IMF weighs in on the yen slump – driven by fundamentals USD/JPY is pretty much ignoring the remarks, trading to its session high:

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