Japan chief Cabinet secretary Matsuno says closely watching FX moves

<ul><li>Important for exchange rate to move stably reflecting economic fundamentals</li><li>Seeing sudden and one-sided moves in the FX market</li><li>Closely watching the moves with high sense of urgency</li></ul><p>The verbal intervention continues from Japan over the past week, with USD/JPY having pushed to its highest levels since November last year above 143.00. Market players are continuing to see the region around 145 to 150 as being where Japan might take on a sterner approach so just be mindful of that.</p>

This article was written by Justin Low at www.forexlive.com.