Japan’s Hayashi: Prepared to take all measures on FX

Japan’s Chief Cabinet Secretary Yoshimasa Hayashi is out with comments on Tuesday, saying that is important for currencies to move in a stable manner reflecting fundamentals.

Additional Quotes:

Won’t comment on forex levels, currency intervention
Excessive FX volatility is undesirable.
Closely watching FX moves.
Prepared to take all measures on FX.

Market Reaction:

The Japanese Yen (JPY) is seen consolidating its recent slump to a 34-year low against its American counterpart, with the USD/JPY pair holding steady above the 154.00 mark during the Asian session on Tuesday.