Japan’s Suzuki: Will take action against any speculative, excessive and sudden moves
|As the USD/JPY pair briefly surpassed 150.00 in the last hour, Japanese Finance Minister Shunichi Suzuki was quick to cross the wires, via Reuters, noting that they “will take action against any speculative, excessive and sudden moves.”
Additional quotes
No comment on forex levels.
Cannot tolerate such speculative moves.
Also read: USD/JPY pierces key 150.00 level, Japan intervention imminent?
Market reaction
The verbal intervention continues from Japan, having little to no impact on the USD/JPY pair. The spot is trading at 149.94, up 0.04% on the day, consolidating its spike to the highest level since August 1990 at 150.09.
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