Japan finance minister Suzuki says recent FX moves are sharp, one-sided

<p>The 'sharp, one-sided' comments are more firthright than usual. More strident.</p><p><a href="https://www.forexlive.com/terms/u/usd-jpy/">USD/JPY</a> is getting closer to a level we can expect some actual yen-buying intervention. </p><p>I've posted earlier on the sort of comments to watch for:</p><ul><li><a href="https://www.forexlive.com/centralbank/the-4-phrases-from-japanese-officials-to-listen-for-signalling-imminent-yen-intervention-20230606/" target="_self" rel="follow">The 4 phrases from Japanese officials to listen for signalling imminent yen intervention</a></li></ul><p>Ok, Suzuki's statement:</p><ul><li>
Fx should move stably reflecting fundamentals</li><li>Recent fx moves are
sharp, one-sided</li><li>Will respond
appropriately if fx moves become excessive</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.