USD/JPY is nudging 150 again, Suzuki will need to do more than this. Japan finance minister Suzuki: • Won't comment on forex levels. • Important for currencies to move in stable manner reflecting fundamentals. • Stable moves of FX desirable. • Must respect independence of BOJ. • Up to BOJ to decide monetary policy. • Closely watching FX moves with a high sense of urgency. • Up to BOJ to decide monetary policy including the timing of ending negative interest rates. • Am aware there are various opinions in financial markets about the fate of negative rates. • Won't comment on FX intervention as doing so may affect the ... (full story)