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JAPAN’S SUZUKI WON'T RULE OUT STEPS TO ADDRESS DISORDERLY FX MOVES

hagijeee
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Japanese Finance Minister Shunichi Suzuki offered some verbal intervention on Tuesday. 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 undesirable.”

“No comment on FX intervention.”

“Closely watching FX moves with a high sense of urgency.”

“Won't rule out any steps to respond to disorderly FX moves.”


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