Japan’s Aso – May need to intervene in FX to curb US election led volatility

Japan’s Finance Minister Aso was on the wires today stating the policy makers will be watching FX market closely and stand ready to intervene in order to curb election-led volatility.

Japan was last forced to intervene in the FX markets on June 24 after Brexit vote victory led to a break in USD/JPY below 100.00 levels.