Japan’s Kato wants to watch forex market with a sense of urgency including speculative moves

Japan’s Finance Minister Katsunobu Kato on Thursday that he “wants to watch forex market with a sense of urgency including speculative moves.”

Further comments

Will communicate thoroughly with markets.

Will aim to exit deflation soon working closely with boj based on joint govt-BoJ statement.

Market reaction

USD/JPY holds the rebound near 146.85 following these above comments, adding 0.26% on the day.