Japanese Finance Minister Sunichi Suzuki is out with some comments this Monday, saying that now is a once-in-a-lifetime chance to beat deflation and that bright signs emerging in Japan’s economy.
Last week, Suzuki repeated his usual mantra that excessive swings in the currency market were undesirable and reiterated that the government would take all possible steps necessary to respond to moves.
Market Reaction:
Suzuki’s remarks do little to influence the Japanese Yen (JPY), or the USD/JPY pair, which stages a goodish recovery from a two-week low touched on Friday and climbs back to the 150.00 psychological mark during the Asian session on Monday.
Source: https://www.fxstreet.com/news/japans-suzuki-bright-signs-emerging-in-japans-economy-202311200054