Japan fin min Suzuki says intervention late April/early May a response to specualtion

Japan finance minister Suzuki responding to the data showing hefty intervention arouund four weeks ago (late April & early May):


  • Forex
    intervention had certain effects
  • Forex
    intervention was intended to respond to speculative moves
  • Says
    will continue to respond appropriately when asked about forex
  • Concerned
    that automakers’ certification irregularities could have large

USD/JPY has jumped up to around 156.40 from lows earlier around 156.00.

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