Japan’s Suzuki: Will respond appropriately to excess FX moves

Japan Finance Minister Shunichi Suzuki said on Tuesday that the government will respond appropriately to excess FX moves.

Additional comments

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

“Will explain Japan’s stance on fx at the G20 meeting.”

“Have gained certain understandings on Japan’s intervention from the US.”

Market reaction

USD/JPY is moving back and forth below the previous Japanese intervention level at 145.90, as investors remain cautious amid the latest jawboning by Japanese officiails. The pair was last seen trading at 145.70, almost unchanged on the day.