Some verbal JPY intervention comments from Japan’s Finance Minister
- Currency
rates should be set by the market - Rapid FX moves undesirable
- Closely watching FX moves with a great sense of urgency
- Won’t rule out any steps to respond to disorderly FX moves
- Share the view with international authorities that excessive FX volatility is undesierable
Suzuki with the #1 ‘international authority’ he is liaising with.