Japan finance minister Suzuki won’t comment on specifics of FX intervention

Japan finance minister Suzuki

  • Closely watching fx moves with a high sense of urgency
  • Won’t rule out any
    steps to respond to disorderly moves
  • Important for
    currencies to move in stable manner reflecting fundamentals, says
    rapid fx moves are undesirable
  • Declines to comment
    on fx intervention
  • Won’t comment when asked about specific means of how MOF may intervene in the FX market
  • Various factors are behind FX moves, not just monetary policy

more to come

Intervention in USD/JPY involves yelling “Yours!” into the phone,

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