Japan’s Suzuki: Will take action on FX if necessary

Dhwani Mehta FXStreet

Japanese Finance Minister Shunichi Suzuki said on Friday that they will take action on FX if necessary.

Additional quotes

No comment on every day-to-day forex moves.

Important for currencies to move stably reflecting economic fundamentals.

Recent FX market moves are big.

To take appropriate action on FX if necessary.

Watching FX moves with high sense of urgency.

To brief media after G7 finmin meeting tonight.

Excessive, disorderly forex moves can have a negative impact on the economy.

To coordinate with other countries, respond to fx moves as appropriate.

Market reaction

USD/JPY was last seen trading at 140.11, down 0.06% on the day, having reversed a brief dip below the latter.

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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