Japan’s Suzuki: Won’t rule out any options if FX moves are excessive
Japanese Finance Minister Shunichi Suzuki reiterated on Thursday that he “won’t rule out any options if FX moves are excessive.”
Additional comments
“No comment on FX levels.“
“Closely watching FX moves.”
“But one-sided and unstable moves are undesirable.”
Market reaction
The ongoing verbal intervention from the Japanese authorities seems to be helping the Yen recover ground, with USD/JPY falling 0.14% on the day to trade at 144.25, as of writing.