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Japanese FinMin Suzuki: Will Respond Appropriately If FX Moves Become Excessive - Will Monitor FX With Strong Sense Of Urgency
Japanese FinMin Suzuki: Will Respond Appropriately If FX Moves Become Excessive
— LiveSquawk (@LiveSquawk) June 27, 2023
- Will Monitor FX With Strong Sense Of Urgency
Added at 11:08pm
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Japan finance minister Suzuki says recent FX moves are sharp, one-sided
The 'sharp, one-sided' comments are more firthright than usual. More strident. USD/JPY is getting closer to a level we can expect some actual yen-buying intervention. I've posted earlier on the sort of comments to watch for: • The 4 phrases from Japanese officials to listen for signalling imminent yen intervention. Ok, Suzuki's statement: • Fx should move stably reflecting fundamentals. • Recent fx moves are sharp, one-sided. • Will respond appropriately if fx moves become excessive.
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