Japan’s Murai: important for currencies to move stably reflecting fundamentals

Japan’s Deputy Chief Cabinet Secretary Murai Hideki is on the wires now, via Reuters, with some verbal intervention, as the USD/JPY pair extends higher above the 150.00 level.

Key quotes

Important for currencies to move stably reflecting fundamentals.

Excessive FX volatility undesirable.

Won't comment on forex levels.

No comment on currency intervention.

Will continue to take fully appropriate steps on FX.