Japan finance minister Suzuki verbal intervention,
- Important for currencies to move in stable manner reflecting
fundamentals - Rapid fx moves
undesirable - 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