Japan govmt. spokesman says there are volatile moves in financial markets

15 June 2016, 09:01
Sherif Hasan
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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
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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.
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