Japan’s Suzuki: Will watch forex moves closely and take appropriate action

Dhwani Mehta FXStreet

Japanese Finance Minister Sunichi Suzuki is out with some verbal intervention, as the Yen sits at yearly highs against the US Dollar at the start of the week on Monday.

Additional quotes

Sudden forex moves are undesirable.

No comment on currency levels.

Currency rates should be set by markets reflecting fundamentals.

Market reaction

At the time of writing, USD/JPY is trading 0.19% higher on the day at 151.80, shrugging off the jawboning.

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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