Japan finance minister Suzuki says closely watching FX rate moves

Some very gentle verbal intervention from fin min Suzuki:

  • Daily stock market moves set by markets with various factors behind
  • Won’t comment on day
    to day forex levels
  • Important for
    currencies to move in stable manner reflecting fundamentals
  • Closely watching FX
  • Specific monetary
    policy is up to BOJ to decide
  • Monetary policy up
    to BOJ to decide, govt won’t comment
  • Expects BOJ to keep
    close contact with govt to guide monetary policy appropriately

Still to come:

USD/JPY is barely changed on Suzuki’s comments, around 149.26.

Udea and Suzuki

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