Japan's Takeuchi: We're seeing some nervous moves in markets

Comments by Japan's top currency diplomat, Yoshiki Takeuchi

• Says that excessive foreign exchange moves are undesirable for the economy
• Says BOJ, MOF and FSA exchanged views on jittery market moves
• Will carefully watch market moves
• If necessary, Japan will respond based on G7 agreement
• Will not comment on specific FX levels

This goes in-line with the barrage of comments we heard from himself and other Japanese officials earlier in the day.

If they're going to play nice and intervene by asking permission (like what Eisuke Sakakibara revealed here), then there's no doubt the Trump administration would be unhappy considering the recent jibes at countries manipulating/weakening their currency.

In case you missed out:

• Japan Ministry of Finance FX head says watching forex moves with sense of urgency
• Japanese PM Abe says concerned by risk posed by foreign economic downside
• Japan's Fin Min, BOJ & FSA officials to meet to discuss financial markets
• Japan chief cabinet secretary Suga weighing in on unwanted yen strength