Finally some sort of verbal response to the much weaker yen today.
Japan finance minister Suzuki:
- won’t rule out any steps in response to disorderly FX moves
- closely watching FX moves with a high sense of urgency
That ‘steps’ comment is an escalation on what he usually says. He’s given USD/JPY a bit of a shake:
More added:
- won’t rule out any steps including “decisive steps” to respond to disorderly FX moves
Yep, Suzuki ramping up the rhetoric a notch or two
This article was written by Eamonn Sheridan at www.forexlive.com. Source