Japan finance minister Suzuki comments:
- Currency rates should be set by the market
- Rapid FX moves undesirable
- FX stability is important
- Won't rule out any options against excessive moves
- No comment on whether Japan intervened in the FX market
- We are watching FX moves very carefully
The only excess volatility we've had in USD/JPY has been down to Suzuki and his officials at the MoF!
