Japanese Finance Minister Shunichi Suzuki offered some verbal intervention on Friday. Suzuki said it’s important for currencies to move in a stable manner reflecting fundamentals and he will closely watch foreign exchange moves with a high sense of urgency.
Key quotes
“Important for currencies to move in a stable manner, reflecting fundamentals.”
“Rapid FX moves are undesirable.”
“Speculative move seen behind forex moves.”
“Closely watching FX moves with a high sense of urgency.”
“Won't rule out any steps to respond to disorderly FX moves.”
“Watching speed of forex moves, not level
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