Japan's Matsuno says watching FX moves with high sense of urgency

<ul><li>Sharp FX moves are undesirable</li><li>Important for FX to move stably reflecting fundamentals</li><li>Will respond appropriately if necessary without ruling out any option</li></ul><p>It's the usual verbal intervention by Japan and a rehash of what Kanda commented earlier <a href="https://www.forexlive.com/centralbank/japan-official-with-verbal-intervention-on-yen-kanda-wont-rule-out-response-20230905/" target="_blank" rel="follow">here</a>. But as the yen softened to its weakest levels this year against the dollar yesterday, the warnings are starting to come out again. That will keep yen short a bit more wary for now.</p>

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