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