Japan’s Suzuki: Desirable for currencies to move in stable manner reflecting fundamentals
Source Fxstreet
Japanese Finance Minister Shunichi Suzuki said on Monday that it is “desirable for currencies to move in a stable manner reflecting fundamentals.”
Additional comments
Won't comment on forex levels.
Excessive FX change undesirable.
Want to respond appropriately as needed.
No comment, when asked if current FX moves are excessive.
Market reaction
The Japanese Yen is recovering ground on these intervention warnings, as USD/JPY mires near intraday lows of 159.63, down 0.05% so far.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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The USD/JPY pair trades in positive territory near 158.10 during the early Asian session on Tuesday. The Japanese Yen (JPY) softens against the US Dollar (USD) amid political concerns in Japan.
DOGE steadies near $0.1350 above $0.1332 support, SHIB holds the 50-day EMA at $0.00000834, and PEPE stays above $0.00000500 as momentum signals warn of further downside.
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