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Japan's Matsuno says desirable for currencies to move in line with fundamentals
Japan chief cabinet secretary Matsuno attempting to talk the yen up: Desirable for currencies to move stably reflecting economic fundamentals. • Closely watching FX moves with a sense of urgency. • Excess FX volatility, disorderly FX movements could have adverse effect on economy, financial stability. • Ready to take appropriate actions on FX market movements if necessary. • Japan's govt will respond appropriately to exchange rate following G7 agreement on currencies while keeping close communication with the US, other authorities. • No comment on FX market intervention.
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