Japan govmt. spokesman says there are volatile moves in financial markets
15 June 2016, 09:01
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Japan's Deputy chief cabinet secretary Seko:
- Desirable for UK to stay in EU
- Government closely watching markets including impact from UK referendum
- No comment on specific FX levels related to Brexit vote
- There are volatile moves in financial markets
Headlines via Reuters
-
That
"There are volatile moves in financial markets" is code for 'we are
watching to intervene." That is (I've said this many times, but again)
G7 & G20 agreements narrow the scope for intervention, but if the
Japanese administration conclude yen moves are volatile and/or one-way,
then that's their excuse.