Japan’s Suzuki: Closely watching market moves

Dhwani Mehta FXStreet

Japanese Finance Minister Shunich Suzuki is out on the wires, via Reuters, offering some verbal intervention, in the face of the rapid appreciation of the Japanese Yen lately.

Key quotes

Won't comment on daily FX moves.

Closely watching market moves.

Desirable for currencies to move stably reflecting fundamentals.

I'm aware of various market talk but won't comment on any of them.

Market reaction

At the time of writing, USD/JPY is losing 0.25% on the day to trade at 142.17.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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