Japan’s Suga: Govt ready to take action if disorderly fx moves continue

Japan's chief cabinet secretary Suga hit the wires last minutes, via Reuters, joining other Japanese officials in delivering intervention talks and noting the rhetoric.

Key Quotes:

Will continue to monitor markets closely

Recent forex market extremely nervous

Excess volatility, disorderly FX moves have negative impact on economy

If such FX moves continue, government ready to take appropriate action

USD/JPY is on the rise, as the Japanese intervention talks continue in the Asian session this Friday, sending the rate +0.43% higher around 101.20 levels.