Japan finance minister Suzuki says recent FX moves are sharp, one-sided

The ‘sharp, one-sided’ comments are more firthright than usual. More strident.

USD/JPY is getting closer to a level we can expect some actual yen-buying intervention.

I’ve posted earlier on the sort of comments to watch for:

• The 4 phrases from Japanese officials to listen for signalling imminent yen intervention

Ok, Suzuki’s statement:

• Fx should move stably reflecting fundamentals
• Recent fx moves are
  sharp, one-sided
• Will respond
  appropriately if fx moves become excessive

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