Japan’s top currency official sees FX volatility rising

TOKYO (Reuters) – A Japanese official said on Tuesday that volatility was rising in the currency market and the government will closely watch movements.

“Volatility is rising. Each country shares the G7/G20 view that excess volatility and disorderly moves are undesirable for the economy,” Masatsugu Asakawa, vice finance minister for international affairs, told reporters.

“We will keep close watch on market moves with a sense of urgency, while thoroughly checking to see if there’s any speculative move,” he said.

Asakawa was speaking after a meeting with his counterparts from the Bank of Japan and Financial Services Agency to discuss market developments.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.