Suzuki repeats its important currencies move in a stable manner reflecting fundamentals

  • Japan finance minister Suzuki with his usual

Japan finance minister Suzuki with some verbal intervention to support the yen:

  • Important for currencies to move in stable manner reflecting fundamentals
  • is closely watching FX moves
  • weak yen boosts exporters' profits but it increases the burden on consumers
  • is more concerned about the negative impact of a weak yen
  • won't comment whether Japan has conducted currency intervention as a general rule
suzuki 29 September 2023

USD/JPY is sitting around 156.85

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