Japanese Finance Minister Shunichi Suzuki offered some verbal intervention on Thursday. Suzuki said that he won't rule out any actions to respond to excessive foreign exchange (FX) moves. He further stated that he is in constant discussion with Vice Finance Minister Kanda on FX.
Key quotes
“No comment on daily forex moves.”
“Important for currencies to move in a stable manner, reflecting fundamentals.”
“Excessive FX moves are undesirable.”
“Looking at the background of Yen weakening to 152, 153 to Dollar and not necessarily at the levels themselves.”
“In constant communication with Vice Finance Minister Kanda on forex.”
“Won't rule out any steps to respond to excessive FX moves
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