Japan's Matsuno says rapid FX moves are undesirable

<p>Japan chief cabinet secretary Matsuno with some verbal intervention to proper up the yen:</p><ul><li>
Important for currencies to move in stable manner reflecting
fundamentals</li><li>Rapid fx moves
undesirable</li><li>Won't comment on
forex levels</li><li> Won't rule out any
steps to respond to disorderly fx moves</li></ul><p>Of course the huge monetary policy divergence between the Federal Reserve and the Bank of Japan is a powerful fundamental.</p><p>–</p><p>Earlier from Finance Minister Suzuki </p><ul><li><a href="https://www.forexlive.com/centralbank/japan-finance-minister-suzuki-has-no-comment-on-the-weak-yen-20231031/" target="_blank" data-article-link="true">Japan finance minister Suzuki has no comment on the weak yen</a></li></ul><p>And also from 'Mr. Yen' Kanda:</p><ul><li><a href="https://www.forexlive.com/centralbank/japans-mr-yen-kanda-says-concerned-about-one-sided-sharp-fx-moves-20231031/" target="_blank" data-article-link="true">Japan's Mr Yen Kanda says concerned about one-sided sharp FX moves</a></li><li>and more: standing by but no comment on when and what when asked about possible steps to be taken including intervention</li></ul>

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