Japan's chief cabinet secretary Matsuno said that it is important for currencies to move stably reflecting economic fundamentals.

Key quotes

• Sharp fx fluctuations not desirable.
• Watching fx moves with high sense of urgency.
• Volatility is rising in recent forex market.

This follows a move in USD/JPY since 1998. The pair reached 140.27 on Friday with the US dollar on the march following data that showed a resilient economy, giving the Federal Reserve more room to aggressively hike interest rates to quell inflation.