Japanese Fin Min Suzuki says rapid FX moves are undesirable, won't rule out any options

<p>Verbal intervention efforts from Japanese Finance Minister Suzuki:</p><ul><li>Rapid FX moves are undesirable</li><li>Won't rule out any options vs excessive FX moves</li><li>Its important that FX move stably reflecting fundamentals</li></ul><p>USD/JPY had been dropping lower prior to his comments:</p><p>These are fairly mild comments from Suzuki. Check this out:</p><ul><li><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">The clear signals to watch for imminent Bank of Japan FX yen intervention</a></li></ul><p>Also, JPM say actual intervention won't occur until around 155:</p><ul><li><a href="https://www.forexlive.com/centralbank/jp-morgan-forecasts-usdjpy-to-as-high-as-155-before-meaningful-boj-fx-intervention-20230907/" target="_blank" rel="follow" data-article-link="true">JP Morgan forecasts USD/JPY to as high as 155 before meaningful BOJ FX intervention</a></li></ul>

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