Japan chief cabinet secretary Hayashi: • Won't comment on forex levels or forex intervention. • Important for currencies to move in stable manner reflecting fundamentals. • Rapid fx moves undesirable. • Closely watching fx moves. • Will be ready to take full response. • Expect BOJ to work closely with govt. • Expect BOJ to conduct appropriate monetary policy to sustainably, stably hit its price target, working closely with govt. The words aren't really having much of an impact. (full story)