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 enters a bullish consolidation phase during the Asian session on Wednesday and holds steady above the 163.00 mark, near its highest level since 1986 set the previous day.
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