No intention of guiding FX to certain levels by intervening

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No intention of guiding FX to certain levels by intervening

Japanese Finance Minister Shunichi Suzuki said on Friday, they have “no intention of guiding fx to certain levels by intervening.

Japanese Finance Minister Shunichi Suzuki said on Friday, they have “no intention of guiding fx to certain levels by intervening.”

Additional comments

FX rates move on various factors.

FX should move stably, reflect fundamentals.

monetary policy is the BOJ’s decision.

Market reaction

USDJPY is trading in a narrow range just above the 148.00 level so far this Friday, better offered on the day.

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