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JAPAN'S SUZUKI: EXCESS FX VOLATILITY IS UNDESIRABLE

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Japanese Finance Minister Shunichi Suzuki offered some verbal intervention on Tuesday. Suzuki said that he won't rule out any option and will deal appropriately with foreign exchange (FX) moves. 

Key quotes

“Important for FX to move stably reflecting fundamentals.”

“Excess FX volatility undesirable.”

“Won't rule out any option, will deal appropriately with FX moves.”

“Watching FX moves carefully with a high sense of urgency.”

“Won't comment on whether recent yen moves are excessive.”


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