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Japan’s Suzuki: No change in our stance in dealing with FX moves

Japanese Finance Minister Shunichi is back on wires, via Reuters, stating that the government has no change in its stance in dealing with FX moves.

He added that his government will take appropriate steps on excessive and speculative FX moves.

His comment comes after he earlier said they are constantly watching FX movements with a sense of urgency.

USD/JPY is at a tipping point, as it closes in on the 150.00 level, currently trading at 148.61, down 0.08% on the day. The pair is sitting at the highest level in 32 years.

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