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Japan finance minister Suzuki says rapid FX moves are undesirable, speculative moves seenJapan finance minister Suzuki says rapid FX moves are undesirable, speculative moves seen

Japan finance minister Suzuki verbal intervention,

Important for currencies to move in stable manner reflecting
fundamentalsRapid fx moves
undesirableSpeculative move
seen behind forex movesClosely watching fx
moves with a high sense of urgencyWon’t rule out any
steps to respond to disorderly fx movesWatching speed of
forex moves, not level

USD/JPY has ticked a little higher following the data earlier, Suzuki weighing on it now:

This article was written by Eamonn Sheridan at www.forexlive.com.

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