Japan’s Finance minister Suzuki says rapid FX moves are undesirable

Some verbal JPY intervention comments from Japan’s Finance Minister

  • Currency
    rates should be set by the market
  • Rapid FX moves undesirable
  • Closely watching FX moves with a great sense of urgency
  • Won’t rule out any steps to respond to disorderly FX moves
  • Share the view with international authorities that excessive FX volatility is undesierable

Suzuki with the #1 ‘international authority’ he is liaising with.

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