Japan finance minister Katayama: It is important for currency to move in stable manner

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Recently seeing one-sided, rapid moves in the currencyNo comment on specific forex levelsBut important for currency to move in stable manner reflecting fundamentalsClosely watching FX moves with high sense of urgencyWeak yen contributing to cost-driven inflation to some extentWon't deny that disadvantages of weak yen outweighs the advantagesSome verbal intervention there in trying to jawbone the yen currency. USD/JPY is just off the highs to 154.58 currently from around 154.75 earlier but continuing to stay underpinned. As has been the case, such verbal intervention tends to act more as speedbumps rather than actual blockades. This article was written by Justin Low at investinglive.com.