Japan’s Suzuki: Closely watching FX moves with a high sense of urgency
Japanese Finance Minister Shunichi Suzuki said on Thursday that he is “closely watching FX moves with a high sense of urgency.”
Additional takeaways
FX rates set by markets reflecting various factors.
Important for currencies to move in stable manner reflecting fundamentals.
There is no 'defense line' in FX.
Need to focus on volatility or fluctuations, when asked about weak Yen.
Market reaction
USD/JPY is unperturbed by the verbal intervention, last seen trading at 150.28, almost unchanged on the day.
Japanese Yen price today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.14% | -0.05% | -0.12% | -0.07% | -0.04% | -0.23% | -0.11% | |
| EUR | 0.12% | 0.07% | -0.02% | 0.04% | 0.08% | -0.10% | 0.01% | |
| GBP | 0.05% | -0.07% | -0.09% | -0.03% | 0.01% | -0.17% | -0.06% | |
| CAD | 0.11% | 0.02% | 0.09% | 0.05% | 0.10% | -0.09% | 0.03% | |
| AUD | 0.07% | -0.06% | 0.03% | -0.05% | 0.05% | -0.15% | -0.04% | |
| JPY | 0.04% | -0.08% | -0.02% | -0.10% | -0.07% | -0.20% | -0.07% | |
| NZD | 0.24% | 0.10% | 0.18% | 0.09% | 0.15% | 0.19% | 0.12% | |
| CHF | 0.12% | -0.01% | 0.06% | -0.03% | 0.02% | 0.07% | -0.11% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
