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

Japan finance minister Suzuki verbal intervention,

  • Important for currencies to move in stable manner reflecting
  • Rapid fx moves
  • 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:

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