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

  • Regular verbal intervention type comments from the Finance Minister

Japan finance minister Suzuki verbal intervention,

  • Important for currencies to move in stable manner reflecting fundamentals
  • Rapid fx moves undesirable
  • Speculative move seen behind forex moves
  • Closely watching fx moves with a high sense of urgency
  • Won't rule out any steps to respond to disorderly fx moves
  • Watching speed of forex moves, not level

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

suzuki yen intervention 29 March 2024 2

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