Japanese Finance Minister Shunichi Suzuki said on Tuesday, “it is important for FX to move steadily and reflect fundamentals.” H
Japanese Finance Minister Shunichi Suzuki said on Tuesday, “it is important for FX to move steadily and reflect fundamentals.”
He added that there is “nothing to comment on daily forex moves.”
Further comments
Will continue to monitor fx market with sense of urgency.
FX rates should be set by market.
No change to stance of responding appropriately to FX moves.
Excess FX volatility, disorderly moves can hurt economy.
Market reaction
USD/JPY is trimming losses to recapture 136.50, as investors digest comments from BoJ Governor Kuroda on exiting ultra-loose monetary policy.
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