Japan's Asakawa: monitoring FX closely

Japan's Masatsugu Asakawa, the Vice Minister of Finance for International Affairs, is hitting the wires with comments about the FX space after Thursday's rapid plunge-and-bounce.

Key highlights

Ministry of Finance will be closely monitoring speculative moves in FX markets.

Sydney forex market volatility remains quite high.

Currency markets are trading in extremely thin liquidity, exacerbating price movements.

The MoF is not considering calling a meeting with the Bank of Japan right now.