Japan’s Suzuki: Watching FX movement with a sense of urgency

Japanese Finance Minister Shunichi Suzuki said on Wednesday that he will closely monitors currency fluctuations with a sense of urgency. Suzuki further stated that he will take all necessary measures to prevent the weak Japanese Yen (JPY).

Key quotes

“Watching FX movement with a sense of urgency.”

“Won’t comment on FX levels.”

“Rapid FX moves are undesirable.”

“Important for currencies to move in a stable manner reflecting fundamentals.”

“Will take a thorough response on FX.”

Market reaction 

At the time of writing, USD/JPY is trading 0.03% higher on the day to trade at 154.73.