Closely watching FX moves with a strong sense of urgency

Japan Finance Minister Shun’ichi Suzuki reiterated this Friday the government will take action against the recent decline in the Japanese Yen (JPY), which remains depressed near its lowest level since October 2022 against the US Dollar.

Key Quotes:

We will take appropriate action against excessive moves without ruling out any options.
Closely watching FX moves with a strong sense of urgency.
The government has no specific target for the JPY that would trigger currency intervention.

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