Japan’s Suzuki: Watching FX moves 'carefully'

Dhwani Mehta FXStreet

Japan Finance Minister Shunichi Suzuki is out on the wires, offering some verbal intervention, as the Japanese Yen continues to weaken against the US Dollar.

Key quotes

Watching FX moves 'carefully'.

Forex moves are driven by various factors.

the government is watching FX developments carefully.

its important for FX to move stably, reflecting fundamentals.

Market reaction

The Japanese Yen is recovering some losses on the above comments, dragging USD/JPY lower to 148.25, as of writing. The pair is still up 0.07% on the day.

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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