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16 Feb 2018
Japan’s Asakawa: FX moves have been excessive
Japan's top currency official, Masatsugu Asakawa, was on the wires last minutes, via Reuters, commenting on the fx price-action.
Key Quotes:
Watching market moves with concern.
CCY should reflect economic fundamentals.
No comment on current levels.
Paying attention to volatility.
Refer to G7 policy on FX.
FX moves are one-sided.
Moves have been excessive.