Japanese Finance Minister Suzuki: Will take appropriate steps on FX if necessary

Ross J Burland FXStreet

Japanese Finance Minister Suzuki has expressed concern about the recent rapid yen weakening and said they will take appropriate steps on FX if necessary.

He said it is important for FX to move stably reflecting fundamentals.

Meanwhile, the yen is trying to correct:

(Daily chart)

(Hourly chart)

It is doing so following a test of prior highs on the monthly chart as follows:

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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