Japan finance minister Suzuki says he is watching FX movement with a sense of urgency

A bit of a verbal intervention effort from Suzuki, saying what he usually does:

  • watching FX movement with a sense of urgency
  • won’t comment on FX levels
  • rapid FX moves are undesirable
  • important for currencies to move in a stable manner reflecting fundamentals
  • will take a thorough response on FX

USD/JPY is not too far from its session high:

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