Japan’s Suzuki: Closely watching market moves

Japanese Finance Minister Shunich Suzuki is out on the wires, via Reuters, offering some verbal intervention, in the face of the rapid appreciation of the Japanese Yen lately.

Key quotes

Won’t comment on daily FX moves.

Closely watching market moves.

Desirable for currencies to move stably reflecting fundamentals.

I’m aware of various market talk but won’t comment on any of them.

Market reaction

At the time of writing, USD/JPY is losing 0.25% on the day to trade at 142.17.

Source: https://www.fxstreet.com/news/japans-suzuki-closely-watching-market-moves-202312150220