Japan’s Suzuki: Will take action against any speculative, excessive and sudden moves

Dhwani Mehta FXStreet

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.

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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