Central Banks

Japan fin min Suzuki says won’t rule out steps to address disorderly FX moves

By adminPosted on
Time to Read:-words

Japan finance minister Suzuki starts off slow but soon warms up with a pointed remark:

  • Important for currencies to move in stable manner reflecting
    fundamentals
  • Rapid fx moves
    undesirable
  • No comment on fx
    intervention
  • Closely watching fx
    moves with a high sense of urgency
  • Won’t rule out any
    steps to respond to disorderly fx moves

More:

  • Kanda has not informed me of overseas response to FX moves

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