PIPS

PIPS

FX Market Stability

Senior Japanese Finance Ministry official Haruhiko Kuroda said on Thursday he was reassured by the current stability of the forex market. "Stable foreign exchange movements are desirable," he told reporters. "And I see no major problems in the movements in the market right now." However, traders interviewed by FX Week say they are concerned by the continuing lack of volatility in the market. "It's been too quiet recently," said one broker in New York. "And I see no reason