Japan’s Asakawa: FX moves have been excessive

Japan's top currency official, Masatsugu Asakawa, was on the wires last minutes, via Reuters, commenting on the fx price-action.

Key Quotes:

Watching market moves with concern.

CCY should reflect economic fundamentals.

No comment on current levels.

Paying attention to volatility.

Refer to G7 policy on FX.

FX moves are one-sided.

Moves have been excessive.