Japan’s Suzuki: Appropriate actions will be taken on FX if needed
Japanese Finance Minister Shunichi Suzuki said on Friday that he will closely watch the foreign exchange (FX) move, adding that he will take necessary measures regarding FX if required.
Key quotes
“Says is closely watching FX moves.”
“Won't comment on FX levels.”
“To take necessary measures regarding foreign exchange if required.”
“To take necessary measures as required.”
“To take appropriate foreign exchange measures without hesitation.”
Market reaction
The verbal intervention has little to no market reaction to the Japanese Yen (JPY). At the time of writing, USD/JPY is trading 0.07% lower on the day to trade at 155.40.
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