Japan’s Suzuki: Recent yen moves have been rapid


Japanese Finance Minister Shunichi Suzuki is out on the wires in the last minutes, expressing his concerns about the exchange rate value.

Key quotes

Recent yen moves have been rapid.

It is important for FX rates to moves stably, reflecting fundamentals.

Carefully watching FX moves and impact on econ while working with BOJ.

Market reaction

USD/JPY seems to have found some support on the above comments, as it is bouncing to near 130.70, still down 0.74% on the day.

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