Reuters: US Dollar Report: Japan's Azumi: ready to respond to FX moves as needed

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Japan's Azumi: ready to respond to FX moves as needed May 7th 2012, 06:12 TOKYO | Mon May 7, 2012 2:12am EDT TOKYO May 7 (Reuters) - Japanese Finance Minister Jun Azumi said on Monday he is prepared to respond to currency moves as needed, when asked about the yen's rise after weekend elections in Europe. Azumi told reporters that he wanted to monitor whether currency moves are due to speculation or reflect economic fundamentals. Voters in France and Greece rejected a drive for fiscal austerity in elections over the weekend that some say are necessary to prevent Europe's sovereign debt crisis from spreading further.

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