Japan finance minister Suzuki says FX should move stably, reflect fundamentals

<p>Japan finance minister Suzuki, with same-old comments. Some verbal intervention as the yen weakens.</p><p>NOPE! Here we go, he's adding in something a little more substantial and significant </p><ul><li>Sharp, one-sided moves seen in FX market</li></ul><p>This is sort of comment is of the type that is key to indicating the potential for actual intervention (see the link below for more of what to watch for).</p><p>Suzuki:</p><ul><li>
FX should move stably reflecting fundamentals</li><li>Closely watching fx
moves with great sense of urgency</li><li>Will respond
appropriately if fx moves become excessive</li><li>Sharp, one-sided
moves seen in fx market</li><li>Yen weakness has
both merit and demerit</li><li>Current situation
not positive to current policy issues</li></ul><p>USD/JPY has dribbled lower after taking a quick look above 145.00:</p><p>—</p><p>ICYMI:</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>

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