Japanese Finance Minister Shunichi Suzuki said on Wednesday that “recent yen moves are rather rapid and one-sided,” per Jiji News.
Additional quotes
“Recent forex moves are somewhat rapid.”
“Rapid fx moves not desirable.”
“Forex rates should reflect fundamentals.”
“Have strong interest whether these recent forex moves will continue.”
Meanwhile, Japanese Chief Cabinet Secretary Hirokazu Matsuno said that “watching fx moves with a high sense of urgency.”
Market reaction
At the time of writing, USD/JPY is trading at 143.23, up 0.32% on the day, little affected by the latest Japanese verbal intervention.
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