Japan MOF’s Asakawa: Yen's recent rise quite biased, one-sided, speculator-driven

Masatsugu Asakawa, Japan’s Ministry of Finance (MOF) official was back on the wires last hour via Reuters, commenting on the exchange rate level.

Key Quotes:

Yen's recent rise, quite biased, one-sided, speculator-driven

Volatility in JGB yields, yen exchange rate very high

Closely watching fx moves

Will respond to ccy moves if needed inline with G7/G20 agreement