Japan’s Suzuki: Recent yen moves have been rapid
|Japanese Finance Minister Shunichi Suzuki is out on the wires in the last minutes, expressing his concerns about the exchange rate value.
Key quotes
Recent yen moves have been rapid.
It is important for FX rates to moves stably, reflecting fundamentals.
Carefully watching FX moves and impact on econ while working with BOJ.
Market reaction
USD/JPY seems to have found some support on the above comments, as it is bouncing to near 130.70, still down 0.74% on the day.
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