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Japan fin min Suzuki says rapid yen weakening has been seen recently
Japan finance minister Suzuki expressing concern on the falling yen - saying its recently been rapid. • Will monitor FX closely with a strong sense of urgency. • Will take appropriate measures if necessary on FX. • Closely communicating with other countries FX authorities. Its 'rapid' changes in the yen value that is the concern of Japanese authorities. Suzuki's comments should be read as a threat to take action. He's said similar before and we haven't seen any actual intervention. I suspect this time will be the same. Nevertheless there is a bit of a higher yen response: chart
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