Japan finance minister Suzuki says its important for currencies to move in stable manner

<p>More verbal waffle JPY intervention from Japan.</p><p>Suzuki declined to comment when asked about the prospects of a 'rate check'.</p><p><a href="https://www.forexlive.com/centralbank/jpy-alert-the-clear-signals-to-watch-for-imminent-bank-of-japan-fx-yen-intervention-20230701/" target="_blank" rel="follow">What's a 'rate check'?</a> Glad you asked, here you go:</p><ul><li>This is when the Bank of Japan contacts FX dealers at banks and asks for a dealing level in USD/JPY. Dealers quote the Bank a two-way price, a bid, and an offer. This is a bit of a charade as everyone knows what's going on, the BOJ is intervening by making a threat of intervention.</li></ul><p>Suzuki and his US counterpart</p>

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