Japan finance minister Suzuki says he has no comment on FX levels.
Such comments from him usually precede a huge tirade from him on FX levels.
And … here we go:
- FX should move stably reflecting the fundamentals
- Closely watching forex moves
- sharp FX moves are undesirable
ps. This is weak stuff, again. Actual yen intervention will be heralded in advance by sterner words:
—
USD/JPY update: